A Bloomberg editorial argues that approving a spot Bitcoin exchange-traded fund is an opportunity for the SEC to bring crypto into line.
The decision comes after a court ruling upholding the SEC’s decision to deny Grayscale Investments’ request to convert its GCTBTC Bitcoin Trust into a spot ETF.
The editorial suggests that the SEC should now approve spot Bitcoin ETFs, provided that the crypto exchanges involved meet the same standards as their regulated counterparts in the traditional finance industry.
It adds that this can be done without undermining theSEC’s enforcement of securities laws.
Bitcoin ETF Approval:
The SEC’s Regulatory Opportunity SEC building.
Source: AdobeStock / Andriy BlokhinApproving a spot bitcoin exchange- traded fund (ETF) is an ‘opportunity for the US Securities and Exchange Commission (SEC) to ‘bring crypto,’ a Bloomberg editorial piece has argued.
The commentary piece follows a court finding that rejected Grayscalcense Investments’ petition to
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