The SEC made its long-awaited announcement last night. spot Bitcoin ETFHe announced that he approved the .
After the approval, important names of the crypto market made this decision BTC and describing it as a turning point for the US crypto industry. SEC Chairman Gary Gensler He made a surprising statement.
Gensler said that although they approved ETFs, they did not approve and still do not support Bitcoin.
While the crypto industry reacted to Gensler’s statements, one of them was the ETF application approved. Ark Invest CEO Cathie Wood happened.
BloombergSpeaking to , Cathie Wood said she was surprised by Gensler’s statements.
Stating that Gensler’s statements overshadowed the ETF approvals, Wood made the following criticisms of the SEC chairman:
“The SEC chairman smeared the entire cryptocurrency industry with his post-approval statements. I couldn’t believe these statements.
These explanations are basically the old mindset that crushes innovation.
However, there are so many people curious and excited about spot ETFs that even these statements will not be able to resist this innovation.
Because ETF approvals open a new page for Bitcoin.
“I want to believe that we will be among the top three or two providers through the Spot Bitcoin ETF.”
Finally, Wood stated that these statements are actually an indication that the SEC is still afraid of Bitcoin. “Given the SEC’s fear of BTC, institutions need to work more diligently on the new regulatory framework.” said.
*This is not investment advice.
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