Securities and Exchange Commission (SEC) Chairman Gary Gensler remained tight-lipped as usual when asked about the state of spot Bitcoin ETF applications being handled by the agency on Wednesday.
In an interview with Bloomberg, Gensler declined to comment on the agency’s next steps after losing in court to Grayscale – owner of the world’s largest Bitcoin fund – in August.
At the time, judges unanimously found the SEC’s actions to be “arbitrary and capricious” in denying the Grayscale Bitcoin Trust (GBTC)’s conversion into a spot Bitcoin ETF following its application in 2021.
