[Non-governmental organizations call on the US SEC to reject the spot Bitcoin ETF application] Golden Finance reported that the non-profit organization Better Markets called on the US SEC to reject the spot Bitcoin ETF application. Stephen Hall, the organization’s legal director and securities expert, said in a statement that the cryptocurrency industry has suffered $2 trillion in losses, multiple enforcement actions, bankruptcies, lawsuits and criminal prosecutions. At the same time, the main beneficiaries of the cryptocurrency craze are criminals who use cryptocurrencies to facilitate ransomware, money laundering and all kinds of illegal activities. It is against this background that the SEC must evaluate this month’s latest wave of Bitcoin Coin ETF application. "Our comment letter urges the SEC to continue to comply with its previous order not to approve such applications and to reject the eight proposed rule changes pending with the agency," said Stephen Hall.