Gate.io Blog Daily Flash | Crypto Twitter Turns to Greyscales Spot BTC ETF As SEC Gensler Affirms Bitcoin Commodity Status

Daily Flash | Crypto Twitter Turns to Greyscales Spot BTC ETF As SEC Gensler Affirms Bitcoin Commodity Status

01 January 08:00

Today's Headline - Crypto Twitter reacts after SEC’s Gensler Asserts BTC’s commodity status

SEC Chairman Gary Gensler stirred up Crypto Twitter on Monday after asserting that Bitcoin (BTC) is a commodity. Questions were raised about its effects on Grayscales’ proposed Bitcoin ETF and why Ethereum has not been mentioned.

In his original remarks in response to why he thinks Bitcoin is the “only one,”

“Some, like Bitcoin — and that's the only one I'm going to say because I'm not going to talk about any one of these tokens, but my predecessors and others have said they’re a commodity.”

Gensler’s views on Bitcoin have been seen as a positive for Bitcoin. The remarks stirred up chatter about Grayscale’s application to convert its Bitcoin Trust into a spot-based exchange-traded fund (ETF) — which is expecting a decision from the SEC on July 6.

Chart of the Day - US home prices at alert level

US home prices may come down at the fastest rate since 2008 while supply is growing.

Influencer of the Day - Pussy Riot vs. UkraineDAO

Russian political activist, Nadya Tolokonnikova, a founding member of "conceptual protest art group" Pussy Riot, took to Twitter on Saturday to accuse fellow activist and UkraineDAO founder Alona Shevchenko of turning "rogue" as a fellow Ukrainian.

In Shevchenko's defense, she said she had the full support from the Ukrainian government about how the crisis-fundraising DAO was being managed. She also said she used $5,000 to pay her rent and remain free from the influence of sponsors. At several points, things also got a little personal.

Buzzes of Yesterday - #Terra 2.0 supported by Wormhole, #X2Y2's Volume Surges Past OpenSea

Harmony hacker sends stolen funds to Tornado Cash mixer

Wormhole supports Terra 2.0

China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

A String of 200 'Sleeping Bitcoins' From 2010 Worth $4.27 Million Moved on Friday

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

ApeCoin Pumps After Debut of BAYC-Themed Video By Eminem and Snoop Dogg

Volume on NFT marketplace X2Y2 surges past OpenSea

Author: Gate.io Researcher Peter L.
This article represents only the researcher's views and does not constitute any investment advice. Gate.io reserves all rights to this article.
Reposting the article will be permitted provided Gate.io is referenced.
In all other cases, legal action will be taken due to copyright infringement.

BTC/USDT + 0.14%

ETH/USDT + 0.37%

LUNA/USDT + 3.15%

APE/USDT + 0.55%

ONE/USDT -0.37%

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