The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the launch of the first-ever (BTC(ETFs) which were traded on exchanges. 8 long yearsis likely to come about. While the first ETFs are tracking CME-traded Bitcoin futures rather than the asset’s spot price, the crypto space is already Anticipating a pure Bitcoin ETFAs a next step. This may be a difficult hurdle to overcome, but Gary Gensler, the SEC Chair, seems less confident in the strict investor protections these products offer.

Below is the concise version of the latest “Law Decoded” newsletter. Subscribe to the entire newsletter for the latest policy updates over the past week.