News Explorer — US Lawmakers Urge SEC to Approve Spot Bitcoin ETFs

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Sep 26, 9:40 pm

Cointelegraph

US Lawmakers Urge SEC to Approve Spot Bitcoin ETFs

Four members of the United States Congress have written a letter to SEC Chair Gary Gensler, urging him to approve the listing of spot Bitcoin exchange-traded products (ETPs) immediately. The lawmakers argue that the SEC's denial of spot crypto ETF applications is discriminatory and goes against the legal precedent set by Grayscale Investments. They believe that a regulated spot Bitcoin ETP would provide increased protection for investors and meet the requirements set out by Congress.

Four members of the United States Congress have written a letter to SEC Chair Gary Gensler, urging him to approve the listing of spot Bitcoin exchange-traded products (ETPs) immediately. The lawmakers argue that the SEC's denial of spot crypto ETF applications is discriminatory and goes against the legal precedent set by Grayscale Investments. They believe that a regulated spot Bitcoin ETP would provide increased protection for investors and meet the requirements set out by Congress.

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