According to Cointelegraph, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that Grayscale's victory played a key role in the approval of the Bitcoin spot ETF. He said: "We have rejected some Bitcoin spot ETF applications over the years, and some things have changed. I believe in the rule of law and respect the court. After considering the new court decision, we move forward. I think this is the most sustainable way forward."