The Securities and Exchange Commission (“SEC”) recently voted to approve a spot bitcoin ETF in a split decision.
Asset management partner Brian McCabe told Investment News that “the theoretical check and balance seems to be becoming a more practical check and balance on the authority of the SEC.”
“I suspect the Democratic commissioners are going to be a little more cautious about making sure they have built the best record in support of the conclusions they reach” on rulemakings, Brian said.
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