Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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The United States Securities and Exchange Commission (SEC) could face legal action if it declines approval for spot bitcoin exchange-traded fund (ETF) applications, according to JPMorgan analysts. The analysts noted that, while a rejection is unlikely, it is possible and could result in lawsuits against the SEC. Last month, the SEC lost a case against Grayscale Investments, which could prompt the agency to reconsider its stance. JPMorgan expects multiple spot bitcoin ETF approvals to come “within months” as asset managers make progress with the SEC and address concerns over market manipulation and other issues.

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