SEC Chair Gary Gensler has not made any decisions about spot bitcoin ETFs. He says he is “carefully considering” the applications.
Gary Gensler, the chair of the Securities and Exchange Commission (SEC), said he would not prejudge the matter when asked if the industry would see any action on the future of a spot bitcoin ETF in the coming months.
Gensler spoke at a Healthy Markets Association conference on Wednesday. He said that the SEC’s review process is a “time-tested process”.
“I’m not going to prejudge any particular application,” Gensler said when asked if he was optimistic about the prospects for a spot bitcoin ETF. “We’ve had a number of filings, we’re reviewing them carefully, and we’ll continue to do that.”
The SEC has not yet approved a spot bitcoin ETF, but there are several applications pending. Gensler has said in the past that he is concerned about the potential for manipulation and market volatility in spot bitcoin ETFs.
“We’ve been working very closely with the exchanges and the sponsors on these spot bitcoin ETF applications,” Gensler said. “We’ve identified a number of issues that we’re working with them on, and we’re making progress.”
Gensler did not say when he expects the SEC to make a decision on any of the pending spot bitcoin ETF applications. However, he did say that he is committed to providing a fair and transparent process.
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