Tuesday, May 7, 2024



U.S. Securities and Exchange Commission Chairman Gary Gensler declined to outline any of the agency’s plans for spot Bitcoin exchange traded funds (ETFs) on Wednesday, though his SEC must now decide how to proceed after the courts demanded it erase its objection to Grayscale Investments’ application.

“Those are things that are in front of staff,” he said in response to questions from CoinDesk at an event in Washington. He said he would “let that play out” and not pre-judge the situation before staff makes recommendations to the five-member commission.

When asked to give any indications on timing or the order applications might be considered, Gensler demurred.



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