TD Cowen: SEC to Approve Spot Bitcoin ETF Due to "Political Necessity"
Investment bank TD Cowen states that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF by the January 10 deadline due to "political necessity." The TD Cowen Washington research team, led by Jaret Seiberg, wrote in a report, "For us, this is political necessity because the agency needs to solidify its role as a cryptocurrency regulator before Congress considers broader crypto legislation. We also believe the agency does not want to face a legal challenge for denying a Bitcoin ETF approval."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Project Hunt: ICO platform Buidlpad's projects gained the most new Top influencer followers in the past 7 days
Mantle Network enables cross-chain functionality through integration with LayerZero
Sharps Technology increases fundraising to 1 billion USD and launches digital asset treasury strategy
Bloomberg Analyst: Number of US Cryptocurrency ETF Filings Reaches 92
Trending news
MoreCrypto prices
More
