Bitcoin ETF

Bitcoin

Gary

<div class="cryptonews">
 <p class="is-style-lead">U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he is not ready to discuss approval of applications for spot Bitcoin (BTC) ETFs.</p>
 <p>Gensler, speaking on the sidelines of the Healthy Markets Association conference on Nov. 29, said he would not “pre-judge” the matter of Bitcoin spot ETFs.</p>
 <p>He did however note his concerns about the crypto industry as a whole:</p>
 <blockquote class="wp-block-quote">
  <p>“This is a field that is rife with bad actors and rife with fraud and manipulation and money laundering.”</p> <cite>Gary Gensler, SEC Chairman </cite>
 </blockquote>
 <p>Gensler considers the process of application approval to be reliable and time-tested. He also noted that SEC staff have been dealing with similar cases for decades and have the proper level of qualifications.</p>
 <blockquote class="wp-block-quote">
  <p>“This is a time tested process that goes back decades. The staff of the SEC, it’s called the Disclosure Review Team, but in that group, they respond and give feedback to potential issuers.”</p> <cite>Gary Gensler, SEC Chairman </cite>
 </blockquote>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Best crypto ETF by performance in 2023
 </div>
 <p>In addition to spot Bitcoin ETFs, the head of the SEC was asked about his advice to crypto investors and users interested in this industry. Gensler said such people need to “beware, be cautious, be careful.”</p>
 <p>Despite the lack of any significant updates from Gensler, SEC officials are actively discussing the creation of a spot Bitcoin ETF with market participants. Thus, on Nov. 20, representatives of BlackRock and Nasdaq met with the SEC regarding a spot Bitcoin ETF. The parties discussed the model for redeeming shares of the iShares Bitcoin Trust.</p>
 <p>However, the fate of the current applications remains unresolved. Earlier this month, the SEC delayed&nbsp;a decision on Bitcoin ETFs from Franklin Templeton and Hashdex. As in previous cases, the agency cited a “lack of transparency” and the risk of manipulation.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Analyst points to imminent signs of spot Bitcoin ETF approval
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-chair-gary-gensler-comments-on-prospects-for-spot-bitcoin-etf-tbt72169.html">https://thebittimes.com/sec-chair-gary-gensler-comments-on-prospects-for-spot-bitcoin-etf-tbt72169.html</a></p>

SEC Chair Gary Gensler comments on prospects for spot Bitcoin ETF

TheBitTimes

Other articles published on Nov 30, 2023

X9 Wallet, Trusted Web3 Wallet for all cryptocurrencies

Trust Wallet Encounters Bitcoin Node Issue, Causing Transaction Disruptions

BlackRock modifies proposed spot Bitcoin ETF to meet SEC requirements

Solana Price Prediction as SOL Becomes 5th Most-Traded Crypto in the World – Adoption Rising?

300 Billion Shiba Inu (SHIB) Received by Anonymous Whales: Who Is It?

KyberSwap hacker demands full control over the DEX at ‘fair valuation’

Join our free newsletter for daily crypto updates!