Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin ETFs are back on the scene as Gensler reconsiders his position.
EXCHANGE NEWS

Bitcoin ETFs are back on the scene as Gensler reconsiders his position.

By Crypto FlexsDecember 17, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin ETFs are back on the scene as Gensler reconsiders his position.
Share
Facebook Twitter LinkedIn Pinterest Email

Some court rulings that disagree with the agency have forced the Securities and Exchange Commission (SEC) to reconsider its view on spot Bitcoin ETF applications. For some time, the SEC, under Gary Gensler, has been refusing to consent to the application.

A representative example is that of Grayscale Investments. In August 2023, the U.S. Court of Appeals for the District of Columbia Circuit passed a ruling requiring the SEC to reconsider Grayscale Investments’ application regarding a spot Bitcoin ETF.

The decision followed Grayscale suing the SEC after the commission did not approve its motion to change the company’s landmark CBTC fund. The court emphasized that the SEC’s attitude toward spot Bitcoin ETFs diverges from their view of preferred future contracts.

In response, Gensler said in an interview conducted by CNBC that he had rejected many applications. But the District of Columbia Court insisted that the issue be reexamined. All of this could lead to changes in regulation of the cryptocurrency space.

Gensler also said there are ongoing factors related to non-compliance and illegal activity in the cryptocurrency space. He spoke of concerns about compliance with other relevant legal structures, such as securities and anti-money laundering systems. Congress observed this and the Treasury Department proposed better controls and tools to prevent illegal activities in the cryptocurrency space.

The SEC’s review of the Bitcoin ETF application field is seen as a landmark moment for cryptocurrency rules. This means that the institution respects judicial rulings. The need of the hour is to be aware of the regulatory hurdles associated with the ever-changing scenario of digital assets. This could lead to further adoption and integration of cryptocurrencies within the financial space and could revolutionize digital asset investing.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

OKX announces listing of RUNECOIN for spot trading

May 1, 2024

LLM agent search and AI reasoning and test time scaling

May 24, 2025

The story of Ethereum’s value increase under pressure after ETH DApp trading volume drops 19%

September 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.