The tenth anniversary of the day that cameron winklevoss and his brother Tyler applied for the top spot in the first Bitcoin exchange-traded fund (ETF). celebrated today by the co-founder of the Gemini cryptocurrency exchange. The businessman took the opportunity to lash out at the United States Securities and Exchange Commission (SEC) for its continued refusal to approve these articles. He claimed that this hesitancy has proven detrimental to American investors.

The Winklevoss brothers believe that the SEC’s efforts have hurt investors more than they have helped them, especially by preventing them from investing in Bitcoin, the best-performing asset of the last ten years.

The SEC’s opposition to the approval of Bitcoin ETFs, according to Cameron Winklevoss, has driven investors to “toxic products” like Grayscale Bitcoin Trust (GBTC). He highlighted the problems with GBTC, such as the huge NAV discount and extremely high fees.

Furthermore, he emphasized how this regulatory stalemate has led to Bitcoin activity moving offshore. Winklevoss says the dangers for investors have increased as a result because they are now dealing with unregistered and unregulated venues.

A significant result highlighted by Winklevoss was the fact that investors are now turning to platforms like FTX as a result of the SEC’s refusal. He argues that this is why they have been victims of one of the biggest financial frauds in contemporary history.

Winklevoss urged the SEC to consider his record in a call to action. He advised the SEC to focus on carrying out his mandate rather than exceeding its statutory authority and acting as a gatekeeper to economic life. This includes promoting fair and orderly markets, protecting investors, and assisting with capital development.

His closing remarks showed his support for those still fighting for US spot Bitcoin ETFs. It is evident that the Winklevoss brothers remain dedicated to their goal despite their ten-year battle, indicating continued difficulty in the regulators.