{"id":23714,"date":"2023-09-27T03:22:19","date_gmt":"2023-09-27T03:22:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/house-lawmakers-seek-faster-bitcoin-etf-approvals-from-sec\/"},"modified":"2023-09-27T03:22:19","modified_gmt":"2023-09-27T03:22:19","slug":"house-lawmakers-seek-faster-bitcoin-etf-approvals-from-sec","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/house-lawmakers-seek-faster-bitcoin-etf-approvals-from-sec\/","title":{"rendered":"House Lawmakers Seek Faster Bitcoin ETF Approvals from SEC"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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A group of bipartisan lawmakers, including the House\u2019s majority whip Rep. Tom Emmer, is pressing the U.S. Securities and Exchange Commission (SEC) to speed up the process for approving bitcoin exchange traded funds (ETFs). This collective nudge came just as SEC Chair Gary Gensler is set to appear before the House Financial Services Committee. The SEC had previously faced legal challenges concerning their decision to deny Grayscale\u2019s spot bitcoin ETF application.<\/p>\n

It seems the time might be ripe for the SEC to consider applications from other financial giants like Fidelity, BlackRock\u2019s iShares, and Grayscale Investments. These companies are eagerly waiting for an opportunity to enter the cryptocurrency ETF domain.<\/p>\n

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The Committee members, comprising of Reps. Mike Flood, Tom Emmer, Wiley Nickel, and Ritchie Torres, addressed their concerns in a letter, stating, \u201cFollowing the Court of Appeals\u2019 decision, there is no reason to continue to deny such applications under inconsistent and discriminatory standards.\u201d Their reference is to the recent ruling<\/a> by Circuit Judge Neomi Rao of the D.C. Circuit Court of Appeals, who found the SEC\u2019s rejection of Grayscale\u2019s application as \u201carbitrary and capricious.\u201d<\/p>\n

There\u2019s an ongoing belief among these members that there\u2019s little difference between crypto futures ETFs and a spot bitcoin ETF. They argue that if the former can get approval, why not the latter? For investors, a bitcoin ETF means an uncomplicated avenue to invest in cryptocurrencies via their brokerage accounts.<\/p>\n

With Gensler\u2019s impending appearance before the House Committee, these members will undoubtedly have the opportunity to bring up their concerns directly. Representatives like Emmer, Flood, and Torres, all part of the Congressional Blockchain Caucus, will be keenly watching the SEC\u2019s next moves.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) A group of bipartisan lawmakers, including the House\u2019s majority whip Rep. Tom Emmer, is pressing the U.S. Securities and Exchange Commission (SEC) to speed up the process for approving bitcoin exchange traded funds (ETFs). This collective nudge came just as SEC Chair Gary Gensler is set […]<\/p>\n","protected":false},"author":5,"featured_media":23715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23714"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23714"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23715"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}