US Lawmakers Ask SEC Chairman to “Immediately” Approve Bitcoin Spot ETFs

THE members of THE Home Financial Services Committee are expected has question Gary Gensler during A Seven. 27 hearing on SECOND monitoring.

Four members of THE United States Congress are asking Securities And Exchange Commission Chair Gary Gensler "immediately" approve THE SEO of place Bitcoin (BTC) exchange traded funds, Or ETF.

In A Seven. 26 letter has Gensler, WE. Representatives Mike Flood, Wiley Nickel, To M Annoy And Ritchie Torres claims THE SECOND was “discriminatory against place bitcoin exchange negotiated some products," quoting THE legal previous together by Shades of grey Investments In winner A goodbye of It is own ETFs offer. THE four the legislators said Gensler there was "No reason has continue has refuse" place crypto ETFs apps following THE Shades of grey court decision, which governed THE DRY reasoning was "arbitrary And capricious" In having Already approved investment Vehicles related has Bitcoin eventually.

"A regulated place bitcoin AND P would be provide increase protection For investors by manufacturing to access has bitcoin safer And more transparent," said THE letter. "Congress has A duty has ensure THE SECOND approved investment some products that meet THE requirements together out by Congress. »

THE the legislators added:

"We urge You has approve THE SEO of spot-bitcoin AND P immediately. »

Bipartisan letter Since @USRepMikeFlood @RepWileyNickel @GOPMajorityWhip And @RitchieTorres has SECOND Chair Gensler on not approving A bitcoin place AND F...