U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday confirmed the agency's staff is actively working on several Bitcoin (CRYPTO: BTC) Exchange-Traded Fund (ETF) filings.
This disclosure was a part of the broader regulatory review process aimed at ensuring that these financial products adhere to stringent regulatory standards before being approved for listing on traditional stock exchanges.
This confirmation was at a significant juncture, as the cryptocurrency market keenly observed the regulatory developments. Particularly, with Benzinga's Future of Digital Assets conference on Nov. 14 approaching, where such regulatory undertakings are expected to be a major point of discussion, Gensler's comments were particularly pertinent.
In an interview ...