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08.11 - 17:37
Law Decoded: Post-ETF policy landscape and Novi fears, Oct. 18–25
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The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the launch of the first-ever Bitcoin (BTC) exchange-traded funds, which took eight long years to materialize. While the first ETFs are tracking CME-traded Bitcoin futures rather than the asset’s spot price, the crypto space is already anticipating a pure-Bitcoin ETF as a logical next step. This bar might prove to be immensely difficult to clear, however, as SEC Chair Gary Gensler seems far less convinced of the stringency of investor protections that such products offer.
Below is the concise version of the latest “Law Decoded” newsletter. For the full breakdown of policy developments over the last
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