Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market.
The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial Services Committee – two from each party – have just written a letter to that effect.
In the Tuesday letter obtained by Coinspeaker, the lawmakers – including Rep. Tom Emmer, the majority whip in the House leadership – are calling out SEC Chair Gary Gensler for urgent ETF action.
They noted that it is expedient that the agency listen to the court. That is about a recent court order that overturned the SEC’s rejection of Grayscale’s
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