Gary Gensler hasn’t changed his tone on crypto, even with SEC approval of spot bitcoin ETFs | Headlines | News | CoinMarketCap
01/11/2024 05:19
Securities and Exchange Commission Chair Gary Gensler said Wednesday that the agency he leads was not endorsing bitcoin as it approved spot ETFs that …
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Published on January 10, 2024 22:01 GMT+00:00edited on January 10, 2024 22:04 GMT+00:00
Securities and Exchange Commission Chair Gary Gensler said Wednesday that the agency he leads was not endorsing bitcoin as it approved spot ETFs that hold the cryptocurrency, but he said changing circumstances had pushed the SEC to finally give the greenlight.
Following a decision made by three judges in a D.C. court over the summer which ruled that the SEC had to re-review a bid from Grayscale Investments for a spot bitcoin ETF, Gensler said it was time to move forward.
"Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares," Gensler said in a statement.
That doesn't mean Gensler is changing his mind about crypto. The decision to approve …