US Regulators Have Double Standards When It Comes to Bitcoin

Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs.

“There’s a persistent double standard against Bitcoin and digital assets, which I think is wrong,” Gurbacs told.

Over the past two to three years, the U.S. Securities and Exchange Commission, or SEC, has denied a massive number of Bitcoin ETFs. VanEck, in collaboration with SolidX, submitted one of the most notable Bitcoin ETFs, facing a plethora of delays and difficulties before dropping its proposition.

For Bitcoin ETF approval, regulators say they need proof that Bitcoin exhibits true price action, or “real price discovery,” versus market manipulation. Comparing the situation to other available traditional market ETFs, experts said the “argument about price discovery doesn’t hold water.”