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Nakamoto CEO Calls for Regulatory Review After MSCI Removes Digital Asset Reserve Companies, Citing Industry Discrimination and Conflict of Interest
Summary: In response to the recent removal of digital asset reserve companies by MSCI, Nakamoto CEO and BitcoinMagazine Chairman David Bailey expressed concerns on X platform, stating that the discrimination and inconsistency shown towards Bitcoin and digital asset companies is alarming. Bailey questioned why Bitcoin is singled out for delisting while other commodity-related industries like oil, ...
In response to the recent removal of digital asset reserve companies by MSCI, Nakamoto CEO and BitcoinMagazine Chairman David Bailey expressed concerns on X platform, stating that the discrimination and inconsistency shown towards Bitcoin and digital asset companies is alarming. Bailey questioned why Bitcoin is singled out for delisting while other commodity-related industries like oil, gold, and agriculture remain eligible for index inclusion.
If this policy is implemented, it could:
• Trigger forced selling of billions of dollars in Bitcoin stocks and result in loss of future earnings worth billions, harming investors.
• Cool investments in Bitcoin startups and private companies relying on public market exits.
• Prevent listed companies from holding or using Bitcoin due to index eligibility concerns.
• Weaken the US leadership position in a strategically important, rapidly growing global industry.
The policy, first announced on October 10, is highly questionable and likely to impact market conditions moving forward. Banks and index providers should not have the power to exclude 40% of capital market funds from an entire industry, especially when in direct competition. This represents a clear conflict of interest and warrants scrutiny by Congress and regulatory agencies.
We fought and won fair banking access.
We fought and won against Bitcoin ETFs.
Now we must fight (and win) for fair investment rights for the public.
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Link: Nakamoto CEO Calls for Regulatory Review After MSCI Removes Digital Asset Reserve Companies, Citing Industry Discrimination and Conflict of Interest [Copy]