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The SEC Approves Spot Bitcoin ETFs After a Thoroughly Embarrassing Hacking Incident That Has Unleashed Calls for Congressional Involvement

NewsTech

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Spot Bitcoin ETFs SEC Bitcoin

After its anti-crypto stance failed to withstand scrutiny in courts, forcing the apex US financial regulator to resort to a hefty dose of inertia - more appropriately described as dragging one's feet - presumably in a last-ditch effort to create as many legally tenable hurdles as possible, the SEC has finally approved some of the first spot Bitcoin ETFs for trading on eligible American exchanges. This much-expected capitulation of sorts, however, has been overshadowed by yesterday's dramatic events, replete with a Hollywood-like caricature hacking incident. “Order granting accelerated approval” it’s over. Thank God. pic.twitter.com/qCozlxzSBX — Eric Balchunas (@EricBalchunas) January 10, […]

Read full article at https://wccftech.com/the-sec-approves-spot-bitcoin-etfs-after-a-thoroughly-embarrassing-hacking-incident-that-has-unleashed-calls-for-congressional-involvement/

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