The U.S. Securities and Exchange Commission (SEC) is poised to approve a spot Bitcoin exchange-traded fund (ETF) before the Jan. 10 deadline, marking it as a political necessity, as stated by investment banks TD Cowen. The banks Washington Research Group, led by Jaret Seiberg, highlighted in a note that securing its role as a crypto regulator before Congress considers broader crypto legislation is imperative for the agency. Additionally, the SEC aims to avoid legal challenges to its refusal to approve Bitcoin ETFs, underscoring the significance of this impending decision. Political...
source: https://tokenpost.com/TD-Cowen-Tags-SECs-Spot-Bitcoin-ETF-Approval-as-Political-Necessity-11008
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