![Cardano Developer Rejects SEC Claim Its ADA Token Is a Cardano Developer Rejects SEC Claim Its ADA Token Is a Security](https://btcusa.com/wp-content/uploads/2023/06/Cardano-Developer-Rejects-SEC-Claim-Its-ADA-Token-Is-a-678x381.jpg)
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“Approval of a spot ETF would be good for bitcoin, and anything that would be good for bitcoin would be good for MSTR,” the bank said. However for Coinbase, the company’s potential involvement in those ETFs could serve as part of the “SEC’s reconfigured arguments for rejecting the applications.”
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