‘We Did Not Approve or Endorse Bitcoin’: Gary Gensler’s Begrudging ETF Statement

Commissioner Hester Peirce, a steady supporter of the crypto industry over the years, praised the decisions as “the end of an unnecessary, but consequential, saga.” She said that “the only material change since we last denied a similar application was a judicial rebuke,” referring to the SEC’s loss against Grayscale in the U.S. Court of Appeals for the District of Columbia.

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