SEC Insider Predicts Major Move: Gary Gensler's Legacy Could Feature Approval of Spot Bitcoin ETF! In a surprising twist, former SEC heavyweight John Reed Stark hints at a potential crypto milestone – the approval of a spot Bitcoin exchange-traded fund (ETF) under the leadership of Gary Gensler. Stark, now spearheading cybersecurity at John Reed Stark Consulting, brings a wealth of SEC experience, having founded and led the SEC Office of Internet Enforcement for over a decade.
Unusual SEC Maneuvers: This week, the SEC made waves with "rare" communications to spot Bitcoin ETF applicants. Fox Business journalist Eleanor Terrett spilled the details on social media platform X Thursday, unveiling the SEC's focus on ensuring alignment on cash creates. Issuers were urged to remove any traces of in-kind redemptions from their filings.
Gensler's Crypto Legacy: As speculation swirls around Gary Gensler's impact on the crypto landscape, the tantalizing prospect of a spot Bitcoin ETF approval takes center stage.
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