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Coin-turk.com 2023-10-20 13:23:20

Coinbase CLO Paul Grewal: SEC Must Approve a Spot Bitcoin ETF

Coinbase CLO Paul Grewal: SEC Must Approve a Spot Bitcoin ETF
Paul Grewal, the Chief Legal Officer of Coinbase, stated in an interview with CNBC that the Securities and Exchange Commission (SEC) is obliged to approve a legal framework for a spot Bitcoin ETF. He emphasized that it is not possible to predict when the approval will come, but stated that it will definitely happen, saying, “I look forward to the acceptance of ETF applications because they are required to be accepted by law.” Grewal highlighted that the US Appeals Court explicitly stated that the SEC cannot arbitrarily or capriciously reject Bitcoin ETF applications.The post Coinbase CLO Paul Grewal: SEC Must Approve a Spot Bitcoin ETF appeared first on COINTURK NEWS.
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