The USA is about BTC ETF adoption. USDT investigation would affect the entire industry

Coinbase exchange believes near-term approval of Bitcoin ETF

Coinbase predicts U.S. government approval for Bitcoin ETFs. This may happen in 2021 or next year.

“Many large ETF issuers believe the SEC may give the green light to cryptocurrency exchange funds in 2021 or 2022. There are a number of reasons that fuel this optimism,” the company’s specialists are sure.

Experts note that several factors have emerged recently that could positively affect the future of BTC-based ETFs. For example, new appointments to the SEC of specialists may be more loyal and friendly to the cryptocurrency industry. In addition, this is the growth in the number of large investors and the registration of bitcoin ETFs in Canada.

A crypto expert: USDT Investigation results may shatter the crypto market

Maria Stankevich, crypto exchange EXMO Development Director reasons for the further perspective of the crypto market, which is actually growing recently. Maria believes in saving positive changes, a sensation in the whole spere would be preferable. For example, acquiring a large amount of digital currency by the fund or a regulatory breakthrough.

“Otherwise, it might be further BTC correction about $30.000,” said Stankevich.

Besides, Maria reminds us about the investigation case with USDT. She believes if proof of the guilt of the company’s management in fraud, there would significantly affect the entire industry, increasing the price of other stablecoins.

To get you in a case: The US Department of Justice began checking the work of Tether (USDT) for possible bank fraud and filing questionable information in financial reports. Different sources declare The US Department became interested in the company’s activities in the early stages of development.