The SEC had already approved prior ETFs, just not spot. The courts exist to enforce the law which the SEC were violating with their arbitrary approvals. It's re

The SEC had already approved prior ETFs, just not spot. The courts exist to enforce the law which the SEC were violating with their arbitrary approvals. It's really been a bit of a clown show by Gary. They even managed to lose the Ripple case which many had assumed the SEC would win, because unlike Bitcoin it's rather centralized and there was a good case to argue that those sales represented unregistered securities. Then the best part yesterday with the hacked Twitter account, after both Gensler and the official SEC account had put out reminders to the public to enable 2FA for better security. Turns out they had not enabled 2FA and so the attacker was able to gain control. Absolute amateur hour.