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TD Cowen: US SEC’s approval of spot Bitcoin ETF is a “political necessity”
03/01/2024 06:22
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SanyaTD Cowen Forecasts SEC's Approval of Spot Bitcoin ETF for Regulatory Positioning
TD Cowen's analysis predicts the SEC's approval of a spot bitcoin ETF before the January 10 deadline, attributing this move as vital for the SEC to establish itself as a crypto regulator amidst the backdrop of pending crypto legislation in Congress. The investment bank underscores the necessity of the SEC's proactive involvement in investor safeguards to gain Senate and White House support for comprehensive crypto market regulations during the post-election "lame-duck" session.
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