The SEC needs an SSA in order to approve an ETF.
This could mean that they will get access to every past and future transaction on the unspecified exchange (likely Coinbase).
Is it worth it to hand over all of that data to the USG just for an ETF?
Right now, the USG data is limited. The USG can issue a warrant for specific transactions or users. A few years ago, they had a large warrant for ~13,000 users who traded over $20,000. Now, they will get everything from the exchange.
thingtank
npub1nm…7tpd5
2023-06-30 18:57:17
Author Public Key
npub1nmum2ht6uqg9flwm73cu3analq2h3xk493yj2hmzfl5nlhtr0jyqf7tpd5Published at
2023-06-30 18:57:17Event JSON
{
"id": "08ec06798cedd16bc2c9fc90e63b45e9f9a68d15aa91f978fd1b45ad0d02f2f1",
"pubkey": "9ef9b55d7ae01054fddbf471c8f67df815789ad52c49255f624fe93fdd637c88",
"created_at": 1688144237,
"kind": 1,
"tags": [],
"content": "The SEC needs an SSA in order to approve an ETF. \n\nThis could mean that they will get access to every past and future transaction on the unspecified exchange (likely Coinbase). \n\nIs it worth it to hand over all of that data to the USG just for an ETF? \n\nRight now, the USG data is limited. The USG can issue a warrant for specific transactions or users. A few years ago, they had a large warrant for ~13,000 users who traded over $20,000. Now, they will get everything from the exchange.",
"sig": "aac249cb875c135652f0e773a3f6a6128bf4aa1b168faa03d39b85bead06717988bd6e827b96d7eb45e712da05649d4eda6fe82492c1fd2d867344986a955198"
}