The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, marked the 15th Bitcoin whitepaper Anniversary with warm regards. In a lighter vein, he also made a playful remark about the enigmatic creator, Satoshi Nakamoto, possibly dressing up for Halloween.
However, Gensler took a more serious tone in addressing cryptocurrency firms. He emphasized the importance of adhering to regulatory securities statutes, issuing a stern admonition.
Chairman Gary Gensler commemorated the 15th Bitcoin Whitepaper Anniversary with a heartfelt message. In a post on X, the esteemed head of the U.S. Securities and Exchange Commission (SEC) conveyed his warm regards.
He celebrated the influential white paper that marked the beginning of the cryptocurrency era with the words, “A jubilant 15th anniversary to Satoshi’s renowned white paper.”
Adding a touch of humor, Gensler playfully delved into satire, pondering if Satoshi might choose to masquerade as himself for Halloween. Concluding his message, he used a trick-or-treat analogy to address cryptocurrency enterprises.
Gensler emphasized the importance of regulatory compliance and the avoidance of deceptive practices for these companies.
Bitcoin Whitepaper Anniversary Sparks Speculation Amid SEC’s Review of Physically-Backed ETFs
Gensler’s message prompted numerous inquiries on social media about his plans for approving a physically-backed bitcoin ETF. Notably, the regulatory authority has approved several ETFs based on bitcoin futures contracts, but a physically-backed one is still pending. Gensler has consistently classified all crypto tokens, except bitcoin, as securities.
This week, the SEC’s chief announced that the organization is actively reviewing eight to ten applications for physically-backed bitcoin ETFs. Public records show that there have been 12 such applications submitted to the SEC.
These include Grayscale Investments’ request to convert its bitcoin trust (GBTC) into a physically-backed bitcoin ETF. Additionally, applicants like Cathie Wood’s ARK Investment Management, Blackrock, Bitwise, Wisdomtree, Fidelity, Vaneck, and Invesco are in the mix.
Furthermore, eight of these applications are due for review in the first quarter of the coming year, and three are set for the second quarter.
Notably, certain analysts, including those at JPMorgan, are anticipating that the SEC will simultaneously greenlight multiple physically-backed bitcoin ETFs.
Subsequently, recent market dynamics have been significantly influenced by speculation. The focus is on the impending launch of a physically-backed bitcoin ETF by Blackrock, the leading global asset management company. Although, according to Bernstein Research, the likelihood of a physically-backed bitcoin ETF launching in January seems almost certain.
Read More:
Spain Accelerates MiCA Implementation, Sets December 2025 Deadline
Football Meets Finance as Bitcoin Scores a Goal at Botev Plovdiv FC