TechFlow news: U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said Thursday that the agency's "fresh review" of spot bitcoin ETF applications has taken into account recent court rulings.
Although the SEC has rejected prior applications for spot bitcoin funds over the years, a panel of judges ordering the regulator to reconsider Grayscale's failed bid may mark a turning point. The agency is now evaluating more than a dozen applications from major asset managers including BlackRock and Fidelity.
"In the past we've rejected many of these applications, but the D.C. Circuit Court has weighed in on this, so based on those court decisions, we're taking a fresh look," Gensler said in an interview with CNBC on Thursday.
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