The post Navigating Challenges for Bitcoin ETF Approval appeared on BitcoinEthereumNews.com.

Mike Belshe, the Co-founder and CEO of BitGo, recently spoke with Bloomberg Crypto, sharing his insights on the current state and future prospects of Bitcoin Exchange-Traded Funds (ETFs) and the importance of a clear separation between custodians and exchanges in the cryptocurrency market. Bitcoin ETFs: A Path of Challenges and Optimism Belshe expressed a cautiously optimistic view regarding the approval of Bitcoin ETFs. While he believes that the crypto community is inching closer to this goal, he also anticipates more rejections before any positive development. His optimism is fueled by the ongoing dialogues between ETF applicants and the SEC, with BitGo actively involved in these discussions. However, Belshe emphasizes the likelihood of additional setbacks due to existing market structures. SEC Chair Gary Gensler’s Approach and the Need for Separation Discussing SEC Chair gary gensler gary gensler chairman at US Securities and Exchange Commision Gary Gensler is an enthusiastic leader and the current chair of the U.S. Securities and Exchange Commission (SEC). He has the extreme experience that spans wall street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. He announced several initiatives to enhance investor protections in the $2 trillion cryptocurrency market. He previously led the Biden-Harris transition’s federal reserve, Banking, and securities regulation agency review team.    He was awarded Treasury’s highest honor, the Alexander Hamilton Award, and also was a recipient of the 2014 Frankel Fiduciary Prize. He was born on October 18, 1957, into a Jewish family, in Baltimore, Maryland. Graduated from the University of Pennsylvania, earning a Master’s degree in Business Administration. Additionally, he is also a professor at the MIT Sloan School of management. He has served in various governmental roles since the 1990s, such as the treasury department, Sarbanes-Oxley, CFTC, Swaps, Enforcement, Libor investigation, Maryland Financial Consumer Protection Commission, Securities,…

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Filed under: News - @ November 18, 2023 10:10 am