With trust in the SEC’s X account now compromised, it remains uncertain whether today’s projected timeline for spot Bitcoin ETF approval is still feasible. However, Fox Business Network’s Senior Correspondent Charles Gasparino that, based on precedent, it would be quite rare for the market regulator to get as far as and deny the proposals altogether.
In line with the hack, many in the crypto ecosystem are nursing the idea of a conspiracy theory, noting that the accident might have been orchestrated so that there would be new grounds for denial of the spot Bitcoin ETF application. While this school of thought will be substantiated in the launched investigation, the expectation is that the approval will proceed as planned.
One of the core projections for a Bitcoin price surge came from Samson Mow, who in the long term.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
