SEC’s Gensler Won’t Say What’s Next With Bitcoin ETFs After Grayscale Loss

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler declined to outline any of the agency’s plans for spot bitcoin exchange-traded funds (ETFs) on Wednesday, though his agency must now decide how to proceed after the courts demanded it erase its objection to Grayscale Investments’ application.
“Those are things that are in front of staff,” he said in response to questions from CoinDesk at a Securities Enforcement Forum event in Washington. He said he would “let that play out” and not pre-judge the situation before SEC staff makes recommendations to the five-member commission.