Former SEC official: Morgan Stanleys recent large-scale Bitcoin ETF will subject it to stricter regulation

Odaily News John Reed Stark, former head of the SECs Internet Enforcement Division, said that Morgan Stanleys recent launch of a large-scale Bitcoin ETF may expose it to more stringent regulatory scrutiny. Earlier this week, the Wall Street giant announced plans to allow its 15,000 licensed financial advisors to begin marketing Bitcoin spot ETFs to clients. Including BlackRocks IBIT and Fidelitys FBTC. But only for high-net-worth individuals with a net worth of $1.5 million or more and high risk tolerance. (bitcoinist)