SEC Chairman Gensler Comments on Bitcoin Spot ETF Approval Prospects

November 30th, 2023
SEC Chairman Gary Gensler, speaking at the 'Health Markets Association' conference, declined to speculate on Bitcoin Spot ETF approvals, emphasizing a rigorous evaluation process akin to IPOs. While recognizing Bitcoin as a commodity, Gensler expressed concerns about fraud and manipulation in the crypto industry. The SEC's cautious stance continues as major firms like BlackRock and Fidelity await ETF decisions.
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