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Bitcoin $90,290.01 -0.09%
Ethereum $3,083.30 -1.71%
BNB $624.04 +0.29%
Optimism $1.73 +3.97%
Arbitrum $0.69 +5.22%
Solana $233.85 +8.75%
Polygon $0.41 -0.22%
Cosmos $5.78 +4.31%
Avalanche $36.44 +5.48%

SEC Chairman Casts Doubt on Coinbase's Role in Bitcoin Spot ETF Approval Process

The approval of a Bitcoin spot ETF in the US is facing a new obstacle as SEC Chairman Gary Gensler has raised doubts about Coinbase's surveillance sharing agreement (SSA) and its role in the approval process.

Gensler's comments during a recent webinar were not encouraging, as he expressed concerns about crypto exchanges' limited risk monitoring and conflicting services. This raises questions about the suitability of Coinbase as a market surveillance sharing partner for firms vying for the first Bitcoin spot ETF.

The ongoing debate surrounding Bitcoin spot ETF approval has kept analysts and enthusiasts on their toes, with discussions underway to reassess the probabilities of approval.

Bitcoin $90,290.01

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SEC Chairman Casts Doubt on Coinbase's Role in Bitcoin Spot ETF Approval Process

All Comments

Recommended for you

Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets

MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment

Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens

China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain

CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives

Court agrees to suspend appeal in Trump's classified documents case

Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected

Coinbase CEO: Department of Government Efficiency (DOGE) is a once-in-a-generation opportunity to increase economic freedom in the United States

DEXX wrote to hackers: If the funds are returned within 24 hours, a bug bounty will be provided, otherwise enforcement action will be taken with the police

The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

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