Will Citigroup offer bitcoin-backed securities without SEC approval?
Could you elaborate on the possibility of Citigroup offering bitcoin-backed securities without the necessary approval from the Securities and Exchange Commission (SEC)? It's a highly regulated industry, and it's crucial to understand the legal implications and potential risks involved in such a move. Additionally, how would such a product fit into the company's overall strategy, and what kind of market demand or interest has been observed that might justify such a decision?