CryptoBitcoinUS Lawmakers Call on SEC Chairman to 'Immediately Approve' Spot ETF

US Lawmakers Call on SEC Chairman to ‘Immediately Approve’ Spot ETF

Republican and Democratic senators such as Tom Emmer and Mike Flood wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, on September 27, asking him to “immediately approve a spot Bitcoin ETF.” According to the letter, Democrat Wiley Nickel urged Gensler to allow these listings, arguing that a regulated spot Bitcoin ETF would enhance investor protection by making access to Bitcoin more transparent and secure.

In the letter, the lawmakers stated that there is no difference between spot Bitcoin ETPs and Bitcoin futures ETPs. Therefore, the SEC‘s current position is untenable.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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