Gensler doesn't sound particularly gracious when telling the story, saying that only after the SEC ran out of options to reject more spot bitcoin ETF applications did it become clear that 'the most sustainable path forward' was to finally approve them.
None of this bodes well for the SEC in the legal fights it is picking with fighters like Coinbase and Kraken, in which the SEC has made bold, unproven claims about securities law and crypto.
[
add
]
[
|
|
...
]