“There will probably be a lot political and authorized strain on the SEC that SEC Chair Gary Gensler has to approve a spot Bitcoin ETF,” mentioned TD Cowen analyst Jaret Seiberg in a notice to purchasers. Apparently, Seiberg suggests Gensler and crew could make a constructive of the reversal. “Cementing its energy over Bitcoin ETFs will strengthen the SEC’s push for broader crypto authority as soon as Congress is able to enact crypto market construction laws,” he added.
