US SEC postpones approval of Ark's Spot Bitcoin ETF

The US SEC postponed approval of Ark's application to relaunch the Spot Bitcoin ETF, even though SEC Chairman Gary Gensler was criticized by a group of lawmakers supporting the cryptocurrency. C sent a letter urging them to end their opposition to the Spot Bitcoin ETF. Additionally, the US SEC has set a date for January 10, 2024 for its decision on whether to approve the Ark/21Shares ETF case.