EddieJayonCrypto
11 Jan 24
SEC Chair Gary Gensler approved about a dozen bitcoin ETF proposals after the regulator's loss in court over rejecting Grayscale's application. Gensler emphasized that the approvals provide a sustainable path forward but also stressed the risks associated with bitcoin and products tied to crypto. He...
SEC Chair Gary Gensler recently approved about a dozen bitcoin ETF proposals after the regulator's loss in court over rejecting Grayscale's application. Gensler emphasized that the approvals provide a sustainable path forward while also highlighting the risks associated with bitcoin and products tied to crypto. He clarified that the approvals do not indicate any willingness to approve listing standards for crypto asset securities. Commissioner Crenshaw dissented from the approvals, expressing concern about investor protection, while Commissioner Peirce praised the decisions as the end of an unnecessary saga.
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