Former SEC official warns Morgan Stanley about challenges of launching Bitcoin ETF, citing regulatory concerns

From Cointelegraph

August 10, 2024 11:29 PM:

Former SEC official John Reed Stark cautions Morgan Stanley about the potential regulatory challenges of launching a Bitcoin ETF, stating it could overwhelm their compliance department.

Stark emphasizes the need for robust compliance measures due to the complex and evolving regulatory landscape surrounding cryptocurrencies.

Morgan Stanley faces increased scrutiny and regulatory hurdles as they push forward with their proposal for a Bitcoin ETF, requiring a strong focus on compliance and risk management practices.

Read more at Cointelegraph: Morgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC official