SEC Leaders Divided on Bitcoin ETF Approvals, Commissioner Statements Reveal
The US SEC's approval of 11 spot bitcoin ETFs revealed a divided leadership. Chair Gensler, though approving, criticized bitcoin's speculative nature, while Commissioners Peirce and Uyeda criticized the decision process. Commissioner Crenshaw dissented, expressing concerns about market flooding, investor vulnerability, and bitcoin's transformative potential. The approval intensifies the SEC's ongoing debate on crypto regulation.
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