BitGo CEO Mike Belshe has recently expressed skepticism regarding the approval of spot bitcoin ETF applications by the Securities and Exchange Commission (SEC). In a recent statement, Belshe stated that it is “quite likely” that the SEC will reject the applications, despite widespread optimism within the industry.
According to Belshe, the general sentiment within the cryptocurrency community had been positive regarding the approval of these applications. However, he cautioned that the SEC’s stance on the matter may not align with industry expectations.
This news has stirred up discussions within the cryptocurrency sector, as many had been anticipating the approval of spot bitcoin ETFs. The rejection of these applications, if it were to occur, could have significant implications for the industry and the broader investment landscape.
Belshe’s statement reflects a growing sense of uncertainty surrounding the regulatory environment for cryptocurrencies. As the industry continues to evolve, stakeholders are closely monitoring developments within regulatory bodies such as the SEC.
(Source: Coin Telegraph)
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