🚀 SEC approves a dozen Bitcoin ETFs: What does it mean for the crypto industry?

- SEC Chair Gary Gensler announced the approval of about 12 spot bitcoin ETFs, calling it "the most sustainable path forward."

- Gensler clarified that the approvals do not mean the SEC endorses bitcoin or other crypto assets, and investors should remain cautious.

- The decision comes after the SEC's loss in court over rejecting Grayscale's application for a spot bitcoin ETF.

- Commissioner Caroline Crenshaw dissented, saying the approvals could sacrifice investor protection.

- Commissioner Hester Peirce praised the decisions, calling it "the end of an unnecessary, but consequential, saga."

What are your thoughts on the SEC's decision? Share your opinions in the comments below! 💬