In a strongly-worded letter addressed to Securities and Exchange Commission (SEC) Chair Gary Gensler, a group of prominent U.S. Congressmen are calling for the immediate approval of spot Bitcoin Exchange-Traded Funds (ETFs). The bipartisan letter, signed by representatives Tom Emmer (R-Minn.), Mike Flood (R-Neb.), Ritchie Torres (D-N.Y.), and Wiley Nickel (D-N.C.), emphasizes the urgency of expanding access to Bitcoin investment options and highlights the potential benefits for American investors.
“We write to ensure the Securities and Exchange Commission (SEC) does not continue to discriminate against spot bitcoin exchange traded products (ETPs),” the letter states. “The SEC is responsible for making certain that products that comply with investor protections are made available to investors.”
The lawmakers assert that spot Bitcoin ETFs would offer a regulated and secure way for investors to gain exposure to the world’s largest cryptocurrency. Such ETFs would allow investors to buy
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