From hacks to unnecessary delays to ungracious statements, the SEC chair has made few friends as he finally approves these in-demand BTC products for the first time.
Many speculated that the SEC chair had no choice but to approve the investment vehicle after a court-ordered review of Grayscale’s spot Bitcoin ETF application.
One X account has maintained radio silence after it unwillingly “bungled” the spot Bitcoin ETF announcement when it was hacked a day earlier.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler conceded that the regulator's loss in court over rejecting Grayscale's application for a spot bitcoin exchange-traded fund (ETF) left it little recourse but to approve about a dozen such proposals Wednesday.
Some suggest the SEC could use the recent “unauthorized” post as an excuse to delay an ETF approval, but most see it only as a remote possibility.
This year’s edition of Santa’s Naughty and Nice list features several crypto entrepreneurs who made headlines in 2023.
The SEC chair could be softening his stance on Bitcoin ETFs following the Grayscale court victory, but if so, he hasn’t admitted it outright.
Assessing who was the most influential regulator or law enforcement official in a year when so many have affected or shaped the crypto industry is challenging. But influence is not just measured by action and impact; it's the reactions caused, the responses garnered, the way we hang on to words said and left unsaid that demonstrate influence. Using this criteria, there’s really only one winner: SEC Chair Gary Gensler.