JUST IN: SEC Chair Gary Gensler on Spot #Bitcoin  ETF approval:

"We do things according to our authorities and how courts interpret our authorities and that's what we'll do here."

Does the level of SEC engagement signify things are getting easier?

- Grayscales court victory was a BIG defeat for the SEC, so how the "courts interpret our authorities" is an important concession by GG.

- The SEC has since started an unprecedented process of engagement with ETF applicants.

- Numerous amendments and refilings have been made. #etf #sec #btc #fet