No, because the concept doesn't exist in either the 33 Act or the 85 years of precedent that follow it.
Federal law isn't just something a bunch of VCs can make up on the fly. Did you guys really think the SEC, FTC and 93 USAOs were the same as municipal taxi licensing boards? https://t.co/xfNoLJgjQ6
Don't you find odd that not even once the word "utility" was uttered in this soft ball interview with SEC Chair Clayton at #ConsensusInvest? A slap in the face of entrepreneurs & innovators. Crypto ETF Needs Exchanges Free From Manipulation https://t.co/6dYAS9kesE via @CoinDesk
RT @Crypto_Macro: From earlier today. SEC's chairman during Consensus Invest conference: “How that [manipulation] issue gets addressed, I don’t have a particular path. But it needs to be addressed” before an ETF gets approved.
Is the no ETF scenario already priced in?