Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration…
edit - See other user’s comment noting that actually Etherium was also approved for use as a security last year.
Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.
Slight correction, seen that Ethereum was also approved to be included in ETFs
Oh, I completely forgot about that. Speaking out my ass. Thanks.
So you’re saying there’s a chance? Heh heh heh… Only a matter of time.
There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration…
edit - See other user’s comment noting that actually Etherium was also approved for use as a security last year.