The post Gary Gensler’s Bold Statement On Crypto Post Bitcoin ETF Approval appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) officially approved all Bitcoin Spot ETFs on January 10, 2024, following a rollercoaster of confusion earlier in the day. However, the SEC’s stance on Bitcoin and cryptocurrencies remains unchanged.
Following the approval of Grayscale Bitcoin ETFs and other issuers, Gensler clarified the SEC’s position in an official statement, stating,
“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse Bitcoin.”
He urged investors to exercise caution, highlighting the various risks associated with Bitcoin and crypto-related products.
Gensler further emphasized that the approval of spot Bitcoin ETFs should not be interpreted as an official endorsement of crypto assets by the Commission. He clarified that the decision does not signal the SEC’s willingness to appro
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