Bitcoin Mania: Divided SEC Backs ETFs

Also, Republicans demand answers on hack of SEC's X account; DOL's fiduciary rule gets a cool reception at House hearing; Senate fails to override veto on CFPB's small business reporting rule

Bitcoin's big day finally arrived. This afternoon, the SEC approved almost a dozen ETFs based on the token, fueling crypto enthusiasts’ dreams that a tsunami of cash will flow into the funds – and bring digital assets into the investing mainstream. Gary Gensler, an outspoken critic of the industry, likely never thought he would be the one to set the ent…