Jesse Hamilton / CoinDesk:

US SEC Chair Gary Gensler concedes that the SEC's loss in court over rejecting Grayscale's spot bitcoin ETF left it with little choice but to approve such ETFs  —  The SEC chair said a court forced his hand and that the agency's decision to greenlight a spot bitcoin ETF doesn't signal support of that or any other digital asset.

Jesse Hamilton / CoinDesk:

US SEC Chair Gary Gensler concedes that the SEC's loss in court over rejecting Grayscale's spot bitcoin ETF left it with little choice but to approve such ETFs  —  The SEC chair said a court forced his hand and that the agency's decision to greenlight a spot bitcoin ETF doesn't signal support of that or any other digital asset.

Source: TechMeme
Source Link: http://www.techmeme.com/240110/p35#a240110p35