Four members of the United States Congress are requesting Securities and Exchange Commission Chair Gary Gensler “immediately” approve the listing of spot Bitcoin. If you would like to watch it live, at 10 am est, you can do so here:
Hearing Entitled: Oversight of the Securities and Exchange Commission.
SEC Chair Gary Gensler is scheduled to appear before the House Financial Services Committee A bipartisan group of four committee members - two from each party - sent Gary a sternly worded letter today urging him to approve spot Bitcoin ETFs from Blackrock, Fidelity, and Grayscale ASAP. The pressure is building, and today could be a crucial moment in this matter.
They had told Gensler there was “no reason to continue to deny” spot crypto ETF applications following the Grayscale court decision " A regulated spot bitcoin ETP would provide increased protection for investors by making access to bitcoin safer and more transparent,” said the letter. “Congress has a duty to ensure the SEC approves investment products that meet the requirements set out by Congress.”
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