SEC Chairman disclosed that the court’s judgement in the Grayscale versus SEC case impact decision-making
The chairman also took the opportunity to disapprove of the crypto market, yet again
The Chairman of the United States Securities and Exchanges Commission (SEC) – Gary Gensler – has given a statement on the approval of all 11 spot Bitcoin ETF applications. All the applications were approved on an accelerated basis minutes ago and all of them are expected to begin trading tomorrow.
Notably, in his statement, Gensler stated that, unlike previous rejections, there were some factors that resulted in the approval of all spot Bitcoin ETFs. A mention of the SEC versus Grayscale was made in the statement, hinting at the influence of the case on the approval decision. The statement read,
“The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (…
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