[SEC Chairman: “We have to wait and see the appellate court’s decision on whether to approve the BTC spot ETF… I don’t want to get ahead of the curve.”]
According to Fox Business reporter Eleanor Terrett, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said at a hearing before the House Financial Services Committee that "the court rejected the SEC's basis for refusing to approve the Bitcoin spot ETF." In response to the question, "Are there any plans to approve the spot ETF application," he responded, "We are waiting for the appellate court's decision. We do not want to get ahead of the other members."
[US SEC begins review of BTC spot ETF application for Hashdex submission]
Bloomberg analyst James Seyffart reported via X (formerly Twitter) that Hashdex's Bitcoin ETF application has been uploaded to the U.S. Securities and Exchange Commission (SEC) website. At the same time, he analyzed that uploads were faster than before due to the shutdown issue. He previously evaluated that “Hashdex’s Bitcoin ETF model has sufficiently resolved concerns about spot price manipulation and payment methods.”
[Foreign press “SEC Chairman Gary Gensler continues to ‘bash cryptocurrencies’ at House hearing”]
Cryptocurrency media outlet CoinDesk reported, “Securities and Exchange Commission (SEC) Chairman Gary Gensler attended a hearing held at the U.S. House of Representatives Financial Services Committee on the 27th (local time) and repeatedly made remarks in the nature of ‘bashing cryptocurrency.’” On this day, he avoided or remained silent when asked by lawmakers about how he would decide whether to launch a Bitcoin spot ETF and his views on the partial loss of the Ripple ( He reportedly pointed out that it is being managed so carelessly that "Congress must step in and solve the problem."
[U.S. Representative "Gary Gensler is a biased person loyal to Wall Street"]
According to Cointelegraph, pro-cryptocurrency U.S. Republican Congressman Tom Emmer attended the U.S. Securities and Exchange Commission (SEC) Gary Gensler hearing at the U.S. House Financial Services Committee on the 27th (local time). Pointing out the chairman, he pointed out, "Chairman Gensler is loyal to traditional Wall Street banks and is limiting the fairness of the SEC as a regulatory agency." In this regard, he said, "Gensler has 18 years of experience working as a partner and co-financial officer at the giant bank Goldman Sachs. This background can naturally lead to close relationships with Wall Street financial institutions and help the SEC become a fair regulator." “It limits your ability,” he emphasized.
[Analyst “BTC daily deadcross occurs, it means nothing”]
CryptoCon, a Bitcoin technology analyst, said through “Some people do, but if you look back at past movements, the occurrence of a dead cross is actually completely meaningless to the subsequent price movement,” he diagnosed. Regarding this, he said, "If you look at the past charts, the aforementioned dead cross occurred a total of 10 times. However, 6 of them occurred during or before the bear market downward trend, so we will not discuss it. Including this dead cross, a total of 4 remain. "Two of them showed a strong rebound immediately after the decline. We must not forget the 'first-ever' main peak deadcross early this year, which everyone paid attention to but nothing happened," he explained. According to CoinMarketCap, BTC is currently trading at $26,363, up 0.55%.
[Hong Kong police arrest 3 more people related to JPEX... A total of 15 people detained"]
According to Hong Kong public broadcaster RTHK, Hong Kong police have arrested three additional people involved in a fraud case at unlicensed cryptocurrency exchange JPEX. To date, the total number of people involved in criminal detention (temporary detention) by the authorities has increased to 15. Additional arrested persons include a Unicoin clerk at a cryptocurrency over-the-counter exchange office, a person in charge of Lupine at a cryptocurrency over-the-counter exchange office, and SNS influencer ‘Xiangxiang’. In addition, Hong Kong police announced that as of 18:00 on the 27th, Korean time, a total of 2,407 reports of damage to JPEX were received, and the total amount of damage was calculated to be 1.499 billion Hong Kong dollars (about 260.1 billion won).
[US federal prosecutors request court to reject request for ‘temporary release’ of SBF]
According to CoinDesk, the U.S. Federal Prosecutor's Office (DOJ) submitted an opinion to the court on the 27th (local time) stating that FTX founder Sam Bankman Fried (SBF)'s request for 'temporary release' should be rejected. The DOJ said, "SBF's claim of 'difficulty preparing a defense' is not persuasive. The defendant's one-sided argument that he is inconvenienced by detention does not outweigh the risk of release. This means that his request for release was previously rejected. “It has already been confirmed by a circuit court of appeals,” he emphasized. Previously, the legal team representing SBF re-submitted a petition to the court requesting SBF's temporary release. Meanwhile, SBF's criminal trial is scheduled to be held on October 3 (local time).
