A bipartisan group of lawmakers, including Rep. Tom Emmer, have written a letter to SEC Chair Gary Gensler urging the regulator to approve bitcoin exchange traded funds (ETFs) after a court instructed the SEC to rethink its view on these applications. The lawmakers argue that a spot bitcoin ETF is "indistinguishable" from the crypto futures ETFs that have already been approved by the SEC. The SEC is set to appear before the House Financial Services Committee this week, where members will have the opportunity to question Gensler on the topic. A bitcoin ETF would provide investors with an easier way to invest in the cryptocurrency market.
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US Lawmakers Urge SEC to Approve Bitcoin ETFs After Court Ruling
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