BTC enters the market, SEC wants to reject it but welcomes it

Source: Liu Jiaolian

Overnight, the U.S. Securities and Exchange Commission (SEC) officially approved 11 spot Bitcoin ETF products. Six of them will be listed on the Chicago Board Options Exchange (CBOE), three will be listed on the New York Stock Exchange (NYSE), and two will trade on Nasdaq (Nasdaq).

Fifteen years after its official launch in 2009, Bitcoin has finally made its way into the U.S. stock market, the world’s top, most mature, and most trusted financial market by investors, and has become a formal investment product.

It’s interesting and ridiculous, and even a little sad, that at this time, there are still many stubborn people who repeatedly talk about scams, conspiracies, etc., like a delusion and dementia. disease patients.

There are also righteous and awe-inspiring Ai G big V who always look at everything with colored glasses, infinitely promoting and generalizing the contradictory thinking between ourselves and the enemy. Their fans also don't want to think about a simple truth: even if the other party is an enemy, just because the enemy likes to eat does not mean that they have to eat shit.

To spread the erroneous thinking and erroneous concept of "not eating the enemy's food" is not patriotic, it is harming the country.

The Ming and Qing dynasties adhered to the silver standard and missed the historical trend of the global gold standard change, thus falling behind the West in modern times. The lessons of blood and tears and the painful price should not be forgotten by Chinese people who have just lived a moderately prosperous life for a few years. You forgot it so quickly, right?

I don’t want to see that the phrase “human beings never learn lessons from history” always comes true.

At the end of the Qing Dynasty and the beginning of the Republic of China, during the reform and reform period, knowledgeable people understood that "learn from the barbarians and develop skills to control the barbarians." A hundred years later, we must not repeat the arrogance of being complacent and losing the open mind of "learning from the barbarians".

If the enemy can do something, I can do the same; if the enemy can go, I can go too.

Can descendants live up to the lofty sentiments of our ancestors?

The SEC has mixed feelings. The mentality of old finance and old order is complicated.

In the public statement posted by SEC Chairman Gary Gensler [1] posted on the official website of the SEC, the approval of the Bitcoin ETF was half-hidden, and it was a refusal to welcome, It's shameful to welcome him.

The statement said: The SEC has rejected all ETF/ETP applications for many consecutive years. But Grayscale took us to court. The court rejected our grounds for rejection. Of course we have no choice but to approve it.

The statement also said: The approval is limited to non-securities and commodity Bitcoin ETPs, and it does not mean that other crypto asset securities can also be listed on the ETF. (Pay attention to the wording, "crypto asset securities". This is to beat other crypto tokens to death and directly characterize them as securities)

At the end of the statement, it was added: (Today ) Bitcoin is mainly a highly speculative, highly volatile asset, mainly used for illegal activities, such as ransomware, money laundering, sanctions evasion, terrorist financing, etc.

In the committee vote, SEC Chairman Gary Gensler and two other commissioners Hester Peirce and Mark Uyeda voted in favor. According to information from Fox reporters, the five commissioners Gensler (D), Crenshaw (D), Peirce (R), Lizárraga (D) and Uyeda (R), in addition to the chairman, two Democrats (D) - are leaning towards opposition, The two Republicans (R) - tend to support it, but in fact the one who needs to sway is precisely the Democratic SEC Chairman Gary Gensler.

Therefore, it can be said that SEC Chairman Gary Gensler, who cast the key vote, sided with the Republican Party in this vote and betrayed his party's position. This is the political pressure on his shoulders. But in the end, he made a historic decision that will remain famous throughout the ages.

This is such a scene: the mouth says you are good or bad, but the body welcomes you.

This is also an eternal mystery in the hearts of adults: Why did that bad boy who was not in my eyes steal the soul of my precious daughter?

The word treason only occurs when adults evaluate children. However, retrograde motion is obviously mutual, isn't it? When parents feel that their children are going retrograde, in the eyes of the children, the parents are also going retrograde.

Perhaps this is the reason why human beings can continue to thrive and make progress.

If children dare not go against the grain of their parents, humankind will stop progressing and will perish quickly.

Inverse means change. "Yi" means "change".

Old thinking and old cognition will eventually be buried in the loess along with the old heads that stick to them, and new heads filled with new thinking and new cognition will eventually take over the entire world.