Analysis
It’s no wonder the SEC approved the crypto ETF through gritted teeth
Even with its words of caution, the approval of the new bitcoin spot price products is a stunning reversal from a year ago.
Nick BonyhadyTechnology writerYou could hear Gary Gensler’s teeth grinding all the way across the Pacific, so tightly were they gritted as he approved bitcoin ETFs in the United States on Thursday.
The chairman of the Securities and Exchange Commission had been all but forced to approve the new financial products by a previous court hearing, he explained.
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