SEC Chairman Remains Silent on Prospects for Spot Bitcoin ETFs, Saying He Won’t “Prejudge” the Matter
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), remained silent when asked by reporters whether the industry would soon see a spot Bitcoin ETF. Gensler said he would not make a "prediction" about the matter, and previously stated that the agency's review process was a "time-tested process." In his speech on Wednesday, Gensler reiterated his position that Bitcoin is considered a commodity, while expressing concern about the entire crypto industry.
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