Bitcoin ETF? Bank of Singapore says SEC under Gensler may alter view on digital currencies as US$176 billion sell-off highlights risks

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The US Securities and Exchange Commission (SEC) may become more accommodative to cryptocurrencies under the new incoming chief, a potential boost for digital assets seeking to establish their reputation amid Bitcoin’s US$176 billion sell-off from record-high this month.The market regulator has been sceptical about digital money but incoming chairman Gary Gensler may be willing to allow broader investment in the asset, according to Bank of Singapore, citing his teaching on the subject at the…

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