Crypto Week In Review: Nasdaq Leads Regulation Talks, Legitimizing Bitcoin184.22

Discussion about cryptocurrency-related regulation continued into this past week, as Bitcoin took the lead, driving the market up by just under 10% overall.

On Thursday, the announcement of the most recent verdict regarding the Winklevoss Twins’ Bitcoin ETF hit headlines all across the industry. According to a ninety-two page report from the SEC, the revised proposal for a Winklevoss-backed ETF was rejected due to concerns of fraud and high levels of investor risk. Additionally, the SEC noted that there were high levels of manipulation in cryptocurrency markets, which are primarily conducted by “unregulated” markets that exist away from the prying eyes of U.S. regulators.

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