According to Fox Business reporter Eleanor Terrett, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated during a hearing before the House Financial Services Committee that "the court rejected the SEC_s basis for refusing to approve the Bitcoin spot ETF." In response to a question about whether there are any plans to approve a spot ETF application for Bitcoin, Chairman Gensler responded, "We are waiting for the appellate court_s decision. We do not want to get ahead of the other members."


This indicates that the SEC is awaiting a court decision before making any decisions related to approving a Bitcoin spot ETF, and they want to ensure a fair and consistent approach is taken. The approval of a Bitcoin ETF has been a subject of significant interest and discussion within the cryptocurrency and financial industry. 📈💼
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