U.S. SEC Chairman: Grayscale's victory is crucial for the approval of a spot Bitcoin ETF, but still does not endorse Bitcoin

According to Cointelegraph, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, stated that Grayscale's victory in court is crucial for approving a spot Bitcoin ETF. It has changed the SEC's view on crypto investment tools. "Considering the new court ruling, we continue to move forward; I believe this is the most sustainable path," but Gary Gensler reiterated that this approval does not mean recognition of Bitcoin: "We do not recognize (Bitcoin)."