Gemini Co-Founder Criticizes SEC for Blocking Bitcoin ETF Licenses

Winklevoss Criticizes SEC for Blocking Bitcoin ETF

Gemini co-founder, Cameron Winklevoss, criticized the US Securities and Exchange Commission (SEC) for its refusal to license spot Bitcoin ETFs, labeling it as a "disaster for US investors." Winklevoss believes this policy has pushed investors into less regulated offshore venues and poor value options like the Grayscale Bitcoin Trust. While the US continues to resist spot crypto funds, other countries, including Canada, Germany, Sweden, Brazil, and Hong Kong, have embraced bitcoin ETFs.