U.S. lawmakers want SEC to ‘immediately’ approve applications for a Spot Bitcoin ETF
Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF “indistinguishable” from Crypto Futures ETF. Bitcoin is still trading around the $26,000 level at writing on Wednesday. All eyes are on Bitcoin today after the U.S. lawmakers urged the Securities & Exchange Commission to “immediately” approve applications it has received for a Spot Bitcoin ETF. House Reps. wrote a letter to Gary Gensler today On Wednesday, four members of the House Financial Services Committee wrote a letter to Gary Gensler in which they argued that a Spot Bitcoin ETF is not particularly different from a Crypto Futures ETF that the regulator has already approve d. And so, they urged Chair of the SEC in their letter to allow the likes of BlackRock, Fidelity and several others to list a Spot Bitcoin ETF . SEC’s current posture is untenable moving forward … there is no reason to continue to deny such ...