Before filing its lawsuit against Coinbase for failing to register as a broker, the US Securities and Exchange Commission (SEC) reportedly asked the crypto exchange to delist all cryptocurrencies other than Bitcoin (BTC).
Tether, the stablecoin issuer, has recently become the 11th largest Bitcoin holder globally.
Due to a rapid rise in US public debt, Mike Novogratz, CEO of Galaxy Digital, believes that purchasing Bitcoins is a form of capital protection.
Michael Saylor, CEO of MicroStrategy, has recently expressed his conviction that major banks are beginning to acknowledge the huge potential of Bitcoin.
After a lawsuit was filed by the SEC against Coinbase, CEO Brian Armstrong spoke with the Financial Times about the demand placed by the agency to remove any crypto asset other than Bitcoin from the listing.
Tim Draper believes that Bitcoin has already become part of the global financial system and has the potential to reach $250,000 by 2025 due to its decentralized nature.
Grayscale Investments has expressed its belief that the SEC should approve all applications for spot versions of an exchange-traded fund (ETF) based on Bitcoin.
