According to Odaily, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced a 'shift' in the SEC's stance on Bitcoin Exchange-Traded Funds (ETFs). This change comes after the Washington D.C. Circuit Court expressed differing opinions on the matter of Bitcoin ETFs.
The SEC's new position on Bitcoin ETFs was not detailed by Gensler, leaving the specifics of the 'shift' unclear. However, the announcement indicates a potential change in the regulatory landscape for Bitcoin ETFs in the United States.
The differing opinions in the Washington D.C. Circuit Court that led to this change in stance were not specified. However, the court's views evidently had a significant impact on the SEC's approach to Bitcoin ETFs. This development could have far-reaching implications for the future of Bitcoin ETFs in the U.S. market.