Too Long; Didn't Read
This is the headline we should be reading right now. The CFTC’s approval to let CME, CBOE, and Nasdaq list their Bitcoin products on the exchanges is the most <strong>ridiculous and dangerous </strong>decision I have ever seen in my life, and I’m a HUGE Bitcoin advocate. I know LedgerX has been approved for a couple of months now, but that exchange does not have the same reach that the CME, CBOE, and Nasdaq possess. CFTC’s <strong>lack of oversight and inability to do their job correctly</strong>, even by approving LedgerX, has just allowed the most <strong>classic type of fraud </strong>to occur. On top of that, the CFTC is putting market participations at risk and have amplified the systemic risk to the point of catastrophe. <strong>How did you ask? </strong>Well, there are <strong>3 main reasons</strong>, which I have highlighted below.