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Bitcoin ETF refused, what does it mean for dash?


Well-known member
Masternode Owner/Operator

“As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest. The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange-traded products (“ETPs”) must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter.”

This is what happens when you think you can comply, and yet people here still think that Private Send will not be considered money laundering.

“First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated,”

Well that's strange, companies like Coinfirm are tracking and surveilling multiple cryptos, including bitcoin and dash. Apparently not good enough.
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But more regulation would still let the old world think they are in charge until they realise they are not :) In the meantime prices would rise because of institutional investors