I think the #SEC is trying to get trading firms to #regulate themselves, through #Bitcoin #ETF #rejections. It's just because the SEC won't do the #work themselves to say it up front. Bitcoin simply doesn't fit into this non-work #fiat world.
It is important to note that while loan standards are tightening—
a) total US bank lending is still rising, and
b) businesses have locked in low rates and pushed out their maturity wall, so the tighter loan conditions haven’t translated into higher corporate interest expense yet.