Edward Snowden Applauds Bitcoin ETF Approval, Emphasizes Computers as Tools of Liberation

Former defense contractor and whistleblower Edward Snowden has praised the historic approval of Bitcoin ETFs, highlighting the role of computers as instruments of liberation and protection. Snowden's comments came in the wake of the Securities and Exchange Commission's (SEC) decision to approve spot Bitcoin ETFs.

Snowden's Perspective:

Taking to the X platform (formerly Twitter), Snowden emphasized the transformative potential of computers as tools for liberation rather than control. His tweet coincided with the SEC's groundbreaking approval of Bitcoin ETFs, marking a significant development in the cryptocurrency and traditional finance sectors.

Bitcoin ETF Approval Impact:

Snowden acknowledged the approval of Bitcoin ETFs, noting that after ten years, these ETFs have finally been approved for trading. He speculated that the political landscape in Congress around cryptocurrency might improve as lawmakers realize its role in supporting pension funds and retirement accounts.
Market Response: As of the time of publishing, Bitcoin was trading 0.7% higher at $46,533.43, while Ethereum, the second-largest cryptocurrency by market cap, surged 9.29% higher at $2,589.27.

Significance of Bitcoin ETF Approval:

Industry experts view the SEC's approval of Bitcoin ETFs as a major step in bridging the gap between traditional financial markets and the evolving cryptocurrency sector. The decision is expected to have a significant impact on both the cryptocurrency and traditional finance industries.

Snowden's Previous Involvement with Cryptocurrency:

This isn't the first time Edward Snowden has weighed in on cryptocurrency-related issues. He has previously commented on SEC allegations against cryptocurrency exchanges Binance and Coinbase. Snowden also revealed his use of Bitcoin in 2013 to leak classified government documents, showcasing his engagement with the cryptocurrency space.

Edward Snowden has lauded the approval of Bitcoin ETFs, emphasizing the transformative potential of computers as tools of liberation. Snowden's comments coincide with the SEC's historic decision to approve spot Bitcoin ETFs, marking a significant development in the cryptocurrency and traditional finance sectors. The approval is seen as a crucial step in bridging the gap between traditional financial markets and the evolving cryptocurrency sector. Snowden's previous engagement with cryptocurrency-related issues adds weight to his perspective on the matter.