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Build a membership platform for exclusive freelance opportunities ✌️【High Risk, High Return】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.Securities and Exchange Commission (SEC) chairman Gary Gensler was among three of the five committee members who approved the filings that made the first-ever spot bitcoin [BTC] exchange-traded fund (ETF) a reality.Acommission votes noticeon the SEC site shows Gensler, along with commissioners Hester Peirce and Mark Uyeda, were the three members who approved the filings.

Commissioners Caroline Crenshaw and Jaime Lizárraga voted against the plans.While Peirce is a known backer of the cryptocurrency industry, Gensler has remained publicly dismissive and skeptical of the market, citing customer protection and fraud as key risks that plague the industry.Gensler’s first comments after the Wednesday approvals reinforced the SEC’s negative stance on bitcoin, stating that the regulator’s loss in court over rejecting Grayscale’s in 2022 left it with no option but to approve over 12 bitcoin ETFs.“We did not approve or endorse bitcoin,” Gensler said.Build a membership platform for exclusive freelance opportunities Crypto & Blockchain: Small Investment, Big Returns