The Securities and Exchange Commission (SEC) has deemed recent applications for spot bitcoin exchange-traded funds (ETFs) filed by asset managers as inadequate. The SEC’s decision was reported by the Wall Street Journal, citing anonymous sources. Additionally, the Federal Trade Commission is said to be focusing on generative artificial intelligence (AI) and its potential competition concerns. This information was shared in a blog post by the FTC’s Bureau of Technology and Office of Technology.

AI Sentiment: Negative