this post was submitted on 01 Jun 2025
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Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 6 days ago by Pro@programming.dev to c/technology@lemmy.world
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[–] JackbyDev@programming.dev 4 points 5 days ago (1 children)

Right, why invest in a rug pull coin when I can invest in an ETF of all the rug pull coins!

[–] infinitesunrise@slrpnk.net 1 points 5 days ago (2 children)

Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.

[–] pdqcp@lemmy.dbzer0.com 2 points 4 days ago (1 children)

Slight correction, seen that Ethereum was also approved to be included in ETFs

[–] infinitesunrise@slrpnk.net 2 points 4 days ago

Oh, I completely forgot about that. Speaking out my ass. Thanks.

[–] JackbyDev@programming.dev 1 points 5 days ago (1 children)

So you're saying there's a chance? Heh heh heh... Only a matter of time.

[–] infinitesunrise@slrpnk.net 1 points 5 days ago* (last edited 4 days ago)

There are definitely elements of this administration that want to see their particular shitcoin approved. We'll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration...

edit - See other user's comment noting that actually Etherium was also approved for use as a security last year.