The Securities and Exchange Commission has until Nov.
Crypto investors got their first splash of cold water earlier this year when Gensler spoke at the Aspen Security Forum on Aug.
Sure enough, Gensler soon approved the first bitcoin futures-based ETF, the ProShares Bitcoin Strategy ETF, which began trading on Oct.19.
Tucked into the massive bill are two provisions that affect crypto investors.
Though the law is ready to be signed by Biden, Bond is optimistic changes could still be made.
“We need more clarity around the crypto space,” he said.
While bitcoin is a commodity and thus under the control of the CFTC, a bitcoin ETF is a security that would come under the jurisdiction of the SEC.