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SEC Democrats Dissent, 'Crypto Mom' Commissioner Exposes "Arbitrary & Capricious" Slow-Walking Of Spot Bitcoin ETF Approval
As the dust settles on the SEC's begrudging approval of spot bitcoin ETFs - and trading begins - the shitshow behind the scenes is becoming clearer as GBTC wins... chart While Chair Gensler voted to approve the ETFs, he offered a personal statement worthy of the best cover-your-ass comment, warning that his decision in no way 'approves bitcoin' itself and that it's a very scary place for investors full of terrorists, money-launderers, and drug-traffickers. “While we approved the listing and trading of certain spot Bitcoin ETP shares today, we did not approve or endorse Bitcoin,” Gensler wrote. “Investors ... (full story)