US Republican and Democratic lawmakers have begun pressuring SEC Chairman Gary Gensler to immediately accept spot Bitcoin exchange-traded funds (ETFs).
Reactions are growing against US Securities and Exchange Commission (SEC) Chairman Gary Gensler, who has been secretive about spot Bitcoin ETFs for a long time. A group US Republican and Democratic lawmaker In the letter sent by Gary Gensler, a serious message was conveyed that he should immediately approve the spot Bitcoin ETF applications.
Members of Parliament recently Grayscale-SEC Citing the decision of the case as a precedent, it was stated that a future approval for spot Bitcoin ETFs would make the cryptocurrency industry safer and more harmonious.
In the Grayscale case, the SEC approved future Bitcoin ETFs but not spot ETFs. an inconsistent picture While it was stated that this decision was drawn, the regulatory body was requested to reconsider this decision.
Among lawmakers pressuring Gensler to approve ETFs Mike Flood, R-Neb, Tom Emmer, R-Minn, Ritchie Torres, DN.Y. And Wiley Nickel took place.
In the sent letter, while reminding that Congress has the right to make such a request from the SEC, spot Bitcoin ETFs “immediately” It was highlighted that it should be approved:
Congress has a duty to require and ensure that the SEC approves investment products that meet congressionally established requirements. To this end, we encourage you to immediately approve the listing of spot Bitcoin ETFs.
The SEC recently announced that Ark Invest and 21Shares are partners. “ARK 21Shares” spot Bitcoin ETF application as well as Global X Bitcoin Trust ETF He announced that he was postponing his decision.