U.S. SEC Chairman: Respect the court’s decision that Grayscale won the case, which played a key role in the approval of the Bitcoin spot ETF

Odaily News U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that the court’s ruling in favor of Grayscale in August 2023 changed the SEC’s view on Bitcoin spot ETFs. He said that the SEC has rejected many Bitcoin spot ETF applications over the years, but that has changed. Taking into account the new court ruling, the SEC decided to move forward as the most sustainable path forward, and Grayscale’s victory played a key role in the approval of the Bitcoin spot ETF. (Cointelgraph)