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SEC Commissioner Mark Uyeda published concerns over the commission’s legal rationale for approving spot Bitcoin ETFs.
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Uyeda voted in favor of the approvals but criticized the SEC’s “flawed reasoning” that could set concerning precedent.
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The approval order fails to explain why spot Bitcoin ETFs are treated differently than Bitcoin futures ETFs per Uyeda.
The United States Securities and Exchange Commission approved listing several spot bitcoin exchange-traded funds (ETFs) in October 2022, which was seen as a landmark crypto event.
However, SEC Commissioner Mark Uyeda recently revealed concerns regarding preferential regulatory treatment and the legal analysis underpinning the approval order.
SEC Commissioner Airs Objections to Aspects of Landmark Approval Order
Soon after the United States Securities and Exchange Commission (SEC) approved several fund managers to list spot bitcoin exchange-traded funds (ETFs), SEC Commissio
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