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On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) announced the approval of the 11th tranche of bitcoin listing, a decision that is also significant, symbolizing a significant shift in the U.S. government's attitude towards cryptocurrencies. Prior to this, the SEC had repeatedly rejected applications for Bitcoin ETFs, citing risks such as fraud, money laundering, and other risks associated with cryptocurrencies. But this approval shows that the SEC has softened its attitude towards cryptocurrencies, at least acknowledging the legitimacy of cryptocurrencies as an investment tool.