Two senators wrote to the U.S. SEC: calling on the U.S. SEC not to approve other cryptocurrency ETFs

03/15 01:53

Wechat scan to share

US Senators Sen Jack Reed from Rhode Island and Senator Laphonza Butler from California jointly wrote to Gary Gensler, the Chairman of the US SEC, requesting the agency's intervention to ensure that broker-dealers provide appropriate disclosure to investors regarding BTC ETFs. In addition, Sen Jack Reed also urged the US SEC not to approve other cryptocurrency ETFs. The letter explained that although the Bitcoin market has shown some weaknesses, it is more mature and subject to stricter scrutiny than other cryptocurrencies. Regardless of how susceptible Bitcoin is to fraud and manipulation, other cryptocurrencies are much more affected by improper behavior, and the trading volume or credibility of other cryptocurrencies is insufficient to support the relevant ETFs.

Comments

All Comments

Recommended for you

Marcel Pechman · 03/30 06:47

Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst

Analysts say central banks will expand liquidity in the near future, opening the door for Bitcoin price to make a push toward new all-time highs.
Francisco Memoria · 03/30 06:44

Bitcoin Miner MARA Starts Massive $2B Stock Sale Plan to Buy More BTC

The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
iBTCNetwork · 03/30 06:42

iBTC to Enable Bitcoin-Based Margin Flows for Institutional Counterparties on the Canton Network

The partnership marks the first time Bitcoin can serve as collateral for OTC derivatives margin flows while maintaining transactional privacy and efficiency
@HabitTradeNews · 03/29 03:59

The Irreversible Integration of Global Capital Markets

These two seemingly parallel worlds, driven by the resonance of their underlying logic, are on the cusp of a historic convergence.
PermaDAO · 03/29 03:59

Arweave/AO Ecosystem Highlights Week 12｜Gold Standard Nodes Competition, $AO Listed on CoinGecko & CoinMarketCap, Aolotto Launches $ALT Staking

Arweave sets a new weekly storage record at 7 TiB, $AO gets listed on CoinGecko and CoinMarketCap, Aolotto launches staking with daily rewards, WeaveVM rebrands to Load Network, and Rimbox rolls out the Set Position feature.
PermaDAO · 03/29 03:59

PermaDAO #110 | Aolotto Stake is Now Live | 3.15 - 3.21

Incubated projects Aolotto and Rimbox rolled out major updates, while the weekly highlight recap session continued. For more details on DAO updates, check out the full weekly report!
EMC Labs · 03/29 03:57

The Fed “let go”, ETF funds flowed in, and BTC rebounded to the key price (03.17~03.23)

The BTC Spot ETF channel recorded net inflows for all five trading days of the week, totaling US$1.05 billion, which became the material support for BTC's rebound.
Crypto Daily · 03/29 03:57

Top KOLs from India Join Forces: M3 DAO and MetaMars Launch a New Era of Ecosystem Growth

As M3 DAO and MetaMars steadily expand globally, the powerful influence of KOLs will become a key factor defining the boundaries of the ecosystem.
PreIN · 03/29 03:57

From Meme to President: A Comprehensive Guide to the Past and Present of MEME Coins

the wild evolution of MEME
@HabitTradeNews · 03/29 03:56

Cross-Border Investment: Restructuring Global Capital

In the near future, we will see Wall Street trading terminals integrating DeFi protocols, and Goldman Sachs traders being able to directly call on the liquidity pools of Uniswap through their operating interfaces.