SEC Chairman: Grayscale's Victory is Key to Approving Bitcoin Spot ETF

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that Grayscale's victory is key to the approval of a Bitcoin spot ETF.

In an interview with CNBC, Gensler mentioned that the court's favorable ruling for Grayscale in August 2023 changed the SEC's perspective on Bitcoin spot ETFs. He stated, "For years, we have rejected many Bitcoin spot ETF applications, but the situation has changed. I firmly believe in the rule of law and respect the court, and in light of the court's new ruling, we move forward. I believe this is the most sustainable way forward."