Gary Gensler releases Bitcoin spot ETF approval statement

Gary Gensler released a Bitcoin spot ETF approval statement on the SEC official website. The statement stated that the SEC has approved a number of Bitcoin spot ETFs. The committee evaluates any rules of national securities exchanges based on whether they are consistent with the Exchange Act and its subordinate regulations. submission, including whether the rule is intended to protect investors and the public interest. The committee is neutral in its evaluation process and does not express views on specific companies, investments or assets underlying exchange-traded products (ETPs). Gensler further stated that today’s Commission action is limited to exchange-traded products (ETPs) holding Bitcoin, a non-security commodity. This in no way means that the Commission is willing to approve listing standards for crypto-asset securities. Approval also does not indicate the Commission’s view on the legal status of other crypto-assets under the federal securities laws or on the status of violations of the federal securities laws by certain crypto-asset market participants.