Search
Search
SEC Chair Gensler Wishes Bitcoin White Paper Anniversary

SEC Chair Gensler Wishes Bitcoin White Paper Anniversary with Warning

0
0

367 Listen to this article SEC Chair Gensler on Bitcoin’s White Paper Anniversary Acknowledging a Milestone Gary Gensler, the Chair […]

Latest News

Listen to this article

SEC Chair Gensler on Bitcoin’s White Paper Anniversary

Acknowledging a Milestone

Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), acknowledged the 15th anniversary of Bitcoin’s white paper in a noteworthy display of recognition. In his commemorative message, Gensler blended playful sentiment with a serious warning for the crypto industry.

A Celebratory Message

Gensler took to the social media platform X to celebrate this significant milestone. On a Tuesday, he shared his sentiments with the online community, writing, “Happy 15th anniversary to Satoshi’s famous white paper that set the stage for the world of cryptocurrency.

A Playful Touch

While celebrating the moment, Gensler couldn’t resist a touch of humor. He mused about the enigmatic Bitcoin creator, Satoshi Nakamoto, and posed a lighthearted question: Would anyone be able to discern if Satoshi dressed up as himself for Halloween?

A Stern Warning

However, Gensler’s message transitioned to a more serious note as he wrapped up with a cautionary message in the spirit of Halloween: “Any crypto companies engaging in deceptive practices should transition to complying with securities laws.

Read Also:  Crypto Leaders Predict Bull Run, Eye $100k Bitcoin by 2024

The Quest for a Spot Bitcoin ETF

Regulatory Expectations

Gensler’s message generated significant interest, with many individuals inquiring about the SEC’s stance on approving a spot bitcoin exchange-traded fund (ETF). The SEC has not yet approved a spot bitcoin ETF, despite granting approval for ETFs based on bitcoin futures contracts. Gensler’s consistent stance has been that all crypto tokens are considered securities, except for bitcoin.

Multiple Applications Under Scrutiny

The SEC chairman disclosed that the regulatory body is currently evaluating eight to ten spot bitcoin ETF applications. Public records reveal that 12 applications for spot bitcoin ETFs have been submitted to the SEC, including one from Grayscale Investments, which seeks to convert its Bitcoin Trust (GBTC) into a spot bitcoin ETF. Notable applicants in this space encompass ARK Investment Management, BlackRock, Bitwise, WisdomTree, Fidelity, VanEck, and Invesco.

Timeline for Review

Among these applications, eight have the latest possible review dates in the first quarter of the upcoming year, while three have the latest review dates in the second quarter. The regulatory journey of these applications remains a key point of interest for the crypto and financial communities.

Market Expectations

Market analysts, including those at JPMorgan, anticipate that the SEC may simultaneously approve multiple spot bitcoin ETFs. Notably, the price of bitcoin has witnessed an upsurge amid speculations that BlackRock, the world’s largest asset manager, is on the verge of launching its own spot bitcoin ETF. Recent reports from Bernstein Research have even suggested that a spot bitcoin ETF is likely to become a reality by January, offering insights into the potential developments in the crypto investment landscape.

Read Also:  Bitcoin Cash Sees 22% Weekly Price Surge as BCH Halving Nears

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

Top Recommended Articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase Tether’s TON Blockchain Entry Reaches $60M: CEO Content SHIB News: 700M Tokens Burned, Shiba Inu Targets $0.00004 Polkadot Relay Chain Upgrade Plan and 10M DOT Prize Initiative TON Network Surpasses $140M TVL as Toncoin Price Skyrockets Bitcoin Falls Below $60,000 After Israel’s Strike on Iran Ragnarok Joins Web3 via Ronin and Gravity Collaboration Worldcoin Announces “Human Centric” Blockchain: World Chain Dubai Flood Spurs Blockchain Life 2024 Airdrop ZachXBT Reveals Frauds on Ethereum Layer-2 Networks Winklevoss Twins Invest $4.5M BTC in Bitcoin Soccer Club VeChain and UFC Unveil Tokenized Gloves Collaboration Web3 Credentials Platform Galxe Goes Live with Mainnet Launch El Salvador’s Newest Hilton Leverages Tokenized Bitcoin Debt