Gensler says SEC is taking ‘new look’ at spot bitcoin ETF proposals

Is US Securities and Exchange Commission Chair Gary Gensler changing his tune?

In an interview with CNBC on Thursday, Gensler said that the SEC is considering “between eight and a dozen filings” for a spot bitcoin ETF. (Most recently, Pando joined the race, marking 13 proposals for the SEC to field.) 

But in discussing the filings, he alluded to the SEC’s history of denials of these types of proposals. 

“We had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that. And so we’re taking a new look at this based upon those court rulings,” Gensler said. 

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