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Leak Reveals A Wall Street Crypto ‘Revolution’ That Could Crush The U.S. Dollar Has Suddenly Begun—Heralding Bitcoin, Ethereum, XRP And Crypto Price Chaos

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I write about how bitcoin, crypto and blockchain can change the world.

Oct 15, 2023,07:45am EDT

BitcoinBTC, along with other major cryptocurrencies—including ethereum and XRPXRP—have been rocked by the "cataclysmic" U.S. fiscal situation this year that could be about to get a lot worse.

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The bitcoin price has struggled this year amid a growing U.S. "war" on crypto, though a looming $17.7 trillion earthquake could be about to hit the bitcoin, ethereum, XRP and crypto market.

Now, as the U.S. dollar teeters on the verge of "collapse," Wall Street giants including the world's largest asset manager BlackRock have been given a tacit "green light" to "revolutionize finance" with bitcoin and crypto.

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BlackRock's chief executive Larry Fink has [+]GETTY

On Friday, Reuters reported the U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from crypto asset manager Grayscale to create a spot bitcoin exchange-traded fund (ETF), citing an anonymous source.

In August, a U.S. court ruled the SEC was wrong to reject Grayscale's proposed bitcoin ETF, finding the SEC's argument that the bitcoin market can be manipulated is flawed because the agency has previously approved bitcoin futures-based ETFs with fraud prevention measures.