Chair

Bitcoin ETF

Wednesday

Bitcoin

Gary

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler confirmed on Wednesday that the agency’s staff is actively reviewing several Bitcoin Exchange-Traded Fund (ETF) filings. This disclosure is part of a broader regulatory review process aimed at ensuring that these financial products meet stringent regulatory standards before they can be approved for listing on traditional stock exchanges. Gensler’s comments come at a significant time, as the cryptocurrency market closely watches regulatory developments, especially with the Benzinga’s Future of Digital Assets conference on Nov. 14 approaching, where such regulatory matters are expected to be a major point of discussion. 
In an interview with Bloomberg TV, Gensler refrained from delving into specific details about any particular filing but emphasized that there are “eight or ten filings” currently under review. This reflects the heightened interest from asset managers in launching Bitcoin ETFs and demonstrates the SEC’s comprehensive approach to reviewing these filings to ensure investor protection and market integrity. Gensler likened the review process to the traditional Initial Public Offering (IPO) process that companies undergo before going public, involving a thorough examination by various divisions within the SEC, including the division of corporation finance and the division of trading and markets. 
The anticipation for a Bitcoin ETF approval continues to build within the cryptocurrency community and traditional financial sectors, and Gensler’s comments provided insights into the rigorous regulatory diligence being applied. It also underscores the SEC’s commitment to a meticulous review to ensure that any approved Bitcoin ETF aligns with the regulatory framework aimed at safeguarding investor interests and maintaining market stability. 
The post <a rel="nofollow" href="https://www.unlock-bc.com/110531/sec-chair-gensler-confirms-ongoing-review-of-bitcoin-etf-filings/">SEC Chair Gensler Confirms Ongoing Review of Bitcoin ETF Filings</a> appeared first on <a rel="nofollow" href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.

SEC Chair Gensler Confirms Ongoing Review of Bitcoin ETF Filings

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