Welcome back to another crypto daily 3 at 3.

What's going on, guys? Happy Thursday, October 10th.

Today we're going to be looking at the SEC denying a Bitcoin ETF yet again, what it means,

what it suggests for the likelihood of an ETF.

Number two, we're going to be looking at comments from a different division of government,

the CFTC chairman, saying that Ethereum, specifically Ether, is a commodity, not a security,

and he anticipates futures soon and other derivative products. And finally, we're going to look at

Binance accepting using AliPay and WeChat pay as on ramps, sort of, which just shows kind of the

confusion of crypto and the China markets. So let's start with the SEC.

ETF, it's been the, you know, the initials of the last 18 months is when is a Bitcoin

ETF coming? When's a Bitcoin ETF coming? And again and again and again, it's been denied. Most recently we talked about how Vannack had withdrawn its proposal and actually

kind of just decided to not fight the good fight this round, basically decided that they didn't want

to get a disapproval. Bitwise, who you may remember as the folks behind the big Bitcoin transparency or

exchange transparency survey, right? So Bitwise has done a lot to try to show the SEC that you're

able to go out and see what parts of the market are above board versus what parts aren't, and you can

detect it, and you can build on that foundation of kind of the market are above board versus what parts aren't and you can detect it and you can build on

that foundation of kind of the real, real infrastructure who's doing real things versus kind of

the wash trading and all that. So Bitwise decided to kind of fight on through and accept whatever

happened with this most recent proposal. And so less yesterday Bitwise tweeted out, they said earlier today,

the SEC issued a 112 page order disapproving at NYSE filing for the Bitwise Invest Bitcoin

ETF trust. Though disapproved doesn't seem positive, this is a productive step in the journey

to a regulated

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