US SEC Chairman reiterates approval of Bitcoin ETF Prerequisites: Trusteeship Program and Market Manipulation Countermeasures

According to Coinpost, US SEC Chairman Jay Clayton reiterated in a recent interview the prerequisites for approving the Bitcoin ETF, one for the hosting plan and the other for market manipulation. According to Clayton, hosting is a must-have in traditional markets for a long time, and Bitcoin is no exception. For market manipulation problems, Clayton said that there are rules and tools for monitoring market manipulation in the stock market, but the virtual currency market is basically not. The SEC is currently focusing on the field, but it cannot be easily determined that the issue has been resolved because the rules applicable to the stock market do not necessarily apply to the virtual currency market.