Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs. Gensler insisted that most crypto assets are securities, warning: “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” SEC Chair Gary Gensler’s Statement About Bitcoin Following Spot Bitcoin ETF Approvals After greenlighting spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a statement clarifying the regulator’s stance on bitcoin and cryptocurrency. “Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares,” the SEC chairman began , noting that the agency disapproved more than 20 exchange rule filings for spot bit
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