SEC Official Admits Past Failures in Handling Cryptocurrency ETFs, Opens Discussion for Predictive Market ETFs

Admission of 'Failure' in Cryptocurrency ETF Handling

Brian Daly, Director of the SEC's Division of Investment Management, appeared on Bloomberg's podcast 'Trillions', where he expressed that the Commission's past approach to approving Bitcoin spot ETFs had damaged trust with the industry.

During the show, Daly reflected on the Commission's actions, stating, 'It was not our finest work,' and acknowledged that it led to litigation and eroded trust with the industry...