TechFlow news on November 30 — When asked by journalists whether the crypto industry would soon see any action on spot Bitcoin ETF applications, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said he would not make "pre-judgment" comments on the matter.
Gary stated that the SEC has a long-tested trading process for evaluating such applications, reiterated his view that Bitcoin is a commodity, but expressed concerns about the broader cryptocurrency industry, citing examples such as bad actors, fraud, manipulation, and money laundering within the sector.
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