SEC Did Not “Approve or Endorse Bitcoin” With BTC ETF Spot Nod – Gary Gensler

Gensler has warned that her agency always do not support Bitcoin despite having approved several place Bitcoin ETF.

United States Securities And Exchange Commission Chair Gary Gensler has reiterated that her agency always doesn't endorse Bitcoin (BTC) — despite approving 11 place Bitcoin exchange traded funds (AND F) on Jan. 10.

"While We approved THE SEO And trade of certain place Bitcoin AND P actions Today, We did not approve Or endorse Bitcoin”, Gensler wrote In A Jan. ten statement, just A hour After THE historical approvals came through.

Gensler reiterated her the agency position towards THE cryptocurrency, contrasting Bitcoin "speculative" nature with THE utility of precious metals such as gold, money, And platinum. He added that THE regulator stayed "deserved neutral" And do not take A see on particular businesses, investments, Or THE assets underlying A exchange traded product.

Despite This, Gensler do specific mention that Bitcoin was always used frequently has adjust transactions In infamous And illicit activities. There has, However, has been assembly evidence has THE opposite.

"However were deserved neutral, Identifier note that THE underlying assets In THE metals AND P to have consumer And industrial uses, while In contrast Bitcoin East mostly A speculative, volatile active It is Also used For illicit activity including ransomware, money whitening, sanction escape, And terrorist financing."

" Investors should stay careful about THE myriad risks partner with bitcoin And some products of which value East related has crypto", Gensler added.

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