SEC Chairman Gensler: Reevaluating Spot Bitcoin ETF Applications

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. Gensler mentioned that between eight and a dozen filings are going through the process, and the SEC is reevaluating them following court rulings. He noted that the SEC had denied some of these applications in the past, but the recent court decisions prompted a fresh examination. There are currently 13 spot bitcoin ETF applications pending at the SEC, and Gensler emphasized that he won’t prejudge any particular filing. (Source: Bitcoin.com)