With limited exceptions, the bitcoin spot market is not regulated by the CFTC or the SEC. Bitcoin futures contracts — like other commodity futures contracts. The latest high-profile rejection came in June, when the SEC denied a bid from Grayscale Investments to convert its Bitcoin trust into an ETF. “It's crystal clear the SEC is simply not going to approve a spot bitcoin ETF until they have regulatory oversight of crypto exchanges,” Nate. INSTAFOREX BONUSES TAXABLE

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