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Coindesk
4 months ago
Cryptocurrency

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

South Korea's financial regulator, the FSC, has stated that recently-listed U.S. bitcoin ETFs may violate Korean law.
The FSC points out that domestic brokerage of a U.S.-listed bitcoin spot ETF by Korean securities firms could potentially conflict with Korean regulations.
The FSC's notice suggests that further review is pending and that SEC Chair Gary Gensler will meet his Korean counterpart this month in Washington, DC. [ more ]
Coindesk
4 months ago
Cryptocurrency

Gary Gensler's Bitcoin ETF Clown Show

Gary Gensler issues statement emphasizing that the SEC's approval of spot bitcoin ETFs is not an endorsement of bitcoin.
Gensler's remarks and the SEC's track record in court cases raise concerns about its handling of legal battles with crypto platforms. [ more ]
Coindesk
4 months ago
Cryptocurrency

Gary Gensler Voted to Approve Bitcoin ETFs, Despite Public Criticism

SEC chairman Gary Gensler was one of three members who approved the filings for the first-ever spot bitcoin ETF.
Commissioners Caroline Crenshaw and Jaime Lizárraga voted against the plans. [ more ]
Coindesk
4 months ago
Cryptocurrency

'We Did Not Approve or Endorse Bitcoin': Gary Gensler's Begrudging ETF Statement

The U.S. SEC has approved about a dozen spot bitcoin ETF proposals following a court loss in rejecting Grayscale's application.
SEC Chair Gary Gensler emphasized that the approvals do not indicate a willingness to approve listing standards for crypto asset securities or a change in the SEC's views on the status of other crypto assets. [ more ]
Engadget
4 months ago
Cryptocurrency

SEC approves bitcoin ETFs (for real this time)

The SEC has approved 11 spot bitcoin ETFs, making it easier for people to invest in cryptocurrencies without buying and holding bitcoin directly.
SEC Chair Gary Gensler emphasized the risks associated with bitcoin and stated that the approval does not endorse or approve of bitcoin itself. [ more ]
time.com
4 months ago
Business

SEC Says Its X Account Was Compromised to Falsely Say Bitcoin ETFs Approved

The US Securities and Exchange Commission has not yet approved spot-Bitcoin exchange traded funds (ETFs), despite a fake post on Twitter briefly raising hopes of approval.
About a dozen companies have applied to list ETFs backed by Bitcoin in the US, and the SEC has until January 10 to take action on at least one of those applications. [ more ]
moresec
The Verge
4 months ago
Cryptocurrency

The SEC's X account was hijacked to post a fake approval of Bitcoin ETFs

The SEC's official social media account posted a tweet claiming it had approved Bitcoin ETFs, but the tweet was later deleted.
SEC Chair Gary Gensler confirmed that the tweet was unauthorized and clarified that the SEC has not approved Bitcoin ETFs. [ more ]
Coindesk
4 months ago
Cryptocurrency

As Crypto World Watches SEC, Chair Gensler Says (Again) That Sector is Dangerous

SEC Chair Gary Gensler warns about the hazards of investing in digital assets amidst the pending decision on a Bitcoin ETF.
There is a concern about scams and fraud in the crypto sector, and companies may not be compliant with securities laws. [ more ]
WSJ
4 months ago
Cryptocurrency

SEC Chair Denies Bitcoin ETF Has Been Approved

SEC mistakenly claims approval of bitcoin ETFs, causing a temporary surge in bitcoin price
Chairman Gary Gensler clarifies that the post was unauthorized and the SEC has not approved bitcoin ETFs [ more ]
Coindesk
6 months ago
Cryptocurrency

Cathie Wood Speculates Gary Gensler's Political Ambitions Are Affecting Spot BTC ETF Judgement

Cathie Wood suggests that Gary Gensler's political ambitions might be hindering the approval of a spot bitcoin ETF by the SEC.
Wood believes that Gensler's knowledge of the transparency and decentralization of Bitcoin should reassure him about approving a spot ETF.
Wood anticipates that a spot ETF approval will contribute to a significant increase in the cryptocurrency market cap. [ more ]
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