Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. (Ad)
The United States Securities Exchange Commission and BTC have been on the news for years. Since the inception of BTC, the regulatory agency and the cryptocurrency have been at loggerheads. It has been from one lawsuit to another. In 2022, the long-term dispute seems to have continued, given the recent lawsuit filed by the commission.
Report From CoinMetrics
The recurrence of 13F filings that made mention of Bitcoin increased at the start of 2021, although there was a slight decline towards the second and third quarter of 2021 when the mentions reduced to 60 as stated on CoinMetrics.
Nevertheless, as more discussions arose about the regulation, adoption, and mining of the number one digital currency, the Securities Exchange Commission made mention of the “Bitcoin” several times. According to CoinMetrics, the number of times the watchdog made mention of the term at the end of January this year increased by about 158%, with 155 mentions recorded. This increase was mainly due to expanded discussions as different nations joined the cryptocurrency frenzy.
Does SEC Have Interest In Digital Assets?
From the result stated above, it appears the regulatory body has taken a huge interest in crypto assets.
For example, investment bodies that have over $100 million in terms of AUM (Assets Under Management) and operate in the US have to make a 13f filing with the regulatory body three times every year informing the public about the fund in its holdings. More to this, these institutions may not have to record all their assets but must report the subsidiaries of their investments, especially if they have any investment in Bitcoin. They are also to report on all other cryptos and its related assets.
The Investment In GBTC From 2021 To 2022
According to net asset value, Grayscale’s Bitcoin Trust (GBTC), the largest BTC Trust, is a great option for most institutions who want to invest in Bitcoin. From 2020 to 2021, the Bitcoin holdings of GBTC increased significantly alongside the number of investments that mentioned BTC in their applications.
A quick look at the public filing of the United States Securities Exchange Commission can give an insight into how the use of cryptocurrency has increased over the years.
Bitcoin is not the only cryptocurrency the commission has been against in the past year. Other new coins such as Ripple have been under intense heat from the watchdog, with their ongoing case in court yet to be settled.
Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. (Ad)
