Nakamoto CEO: MSCI's removal of digital asset reserve companies highlights industry discrimination and conflicts of interest; regulatory agencies should intervene and investigate.
Odaily Planet Daily reports that in response to the recent MSCI removal of digital asset companies from its index, Nakamoto CEO and Bitcoin Magazine Chairman David Bailey posted on the X platform, stating, "For a systemically important stock index, after years of actively supporting the inclusion of Bitcoin and digital assets, to single out Bitcoin and digital asset companies for de-indexing and disqualification is discriminatory and capricious. We should call it Operation Choke Point 3.0. What has changed? Why is Bitcoin being singled out while all other commodity-related industries (oil, gold, agriculture) are fully eligible for the index?"
If this policy is passed, it will:
• It harms investors by triggering a forced sell-off of hundreds of billions of dollars worth of Bitcoin stock and the loss of hundreds of billions of dollars in future earnings.
• Cooling down investments in Bitcoin startups and private companies that rely on public market exits
• Preventing listed companies from holding or using Bitcoin due to concerns about index eligibility
• Weakening U.S. leadership in strategically important, rapidly growing global industries
I find it highly questionable that this policy topic was first raised on October 10th, and I believe it is likely to be a significant factor in our subsequent market conditions. Banks and index providers should not have the right to exclude 40% of capital market funds from the entire industry, especially when there is direct competition within the industry. This is a clear conflict of interest and absolutely warrants scrutiny from Congress and regulators.
We fought and won fair access to banking.
We fought against the Bitcoin ETF and won.
We must now fight (and win) for the public's right to fair investment.
