{"id":29377,"date":"2023-09-27T18:54:04","date_gmt":"2023-09-27T18:54:04","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/27\/u-s-lawmakers-want-sec-to-immediately-approve-bitcoin-etfs\/"},"modified":"2023-09-27T18:54:05","modified_gmt":"2023-09-27T18:54:05","slug":"u-s-lawmakers-want-sec-to-immediately-approve-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/27\/u-s-lawmakers-want-sec-to-immediately-approve-bitcoin-etfs\/","title":{"rendered":"U.S. lawmakers want SEC to \u2018immediately\u2019 approve Bitcoin ETFs"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/obi-pixel7propix-YUonZoCUAOk-uns-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/obi-pixel7propix-YUonZoCUAOk-uns-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/obi-pixel7propix-YUonZoCUAOk-uns-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/obi-pixel7propix-YUonZoCUAOk-uns-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/09\/obi-pixel7propix-YUonZoCUAOk-uns.jpg\" alt=\"us lawmakers sec immediately approve spot bitcoin etf\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday.<\/li>\n<li>They dubbed Spot Bitcoin ETF \u201cindistinguishable\u201d from Crypto Futures ETF.<\/li>\n<li>Bitcoin remains to be buying and selling across the $26,000 stage at writing on Wednesday.<\/li>\n<\/ul>\n<p>All eyes are on <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> as we speak after the U.S. lawmakers urged the Securities &amp; Exchange Commission to \u201cimmediately\u201d approve functions it has obtained for a Spot Bitcoin ETF.<\/p>\n<h2>House Reps. wrote a letter to Gary Gensler as we speak<\/h2>\n<p>On Wednesday, 4 members of the House Financial Services Committee wrote a letter to Gary Gensler through which they argued {that a} Spot <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">Bitcoin ETF<\/a> isn&#8217;t significantly totally different from a Crypto Futures ETF that the regulator has already permitted.<\/p>\n<p>And so, they urged Chair of the SEC of their letter to enable the likes of BlackRock, Fidelity and a number of other others to listing a Spot Bitcoin ETF.<\/p>\n<blockquote>\n<p>SEC\u2019s present posture is untenable transferring ahead \u2026 there isn&#8217;t a motive to proceed to deny such functions underneath inconsistent and discriminatory requirements.<\/p>\n<\/blockquote>\n<p>Chair Gary Gensler is scheduled to <a href=\"https:\/\/www.youtube.com\/watch?v=6pbWz9p2gPE\" target=\"_blank\" rel=\"noopener\">testify<\/a> earlier than the U.S. Congress as we speak.<\/p>\n<h2>Grayscale not too long ago secured a victory towards the SEC<\/h2>\n<p>Last month, the U.S Court of Appeals for the DC Circuit dominated that the Securities &amp; Exchange Commission didn&#8217;t have an ample motive to not let Grayscale convert its flagship bitcoin belief into an exchange-traded fund (<a href=\"https:\/\/coinjournal.net\/news\/grayscale-win-against-sec-in-bitcoin-etf-case\/\">find out more<\/a>).<\/p>\n<p>That ruling, as per the lawmakers, must be enough for Chair Gensler to get onboard with a Spot Bitcoin ETF. Their letter additionally learn:<\/p>\n<blockquote>\n<p>A regulated spot bitcoin ETP would offer elevated safety for traders by making entry to bitcoin safer and extra clear.<\/p>\n<\/blockquote>\n<p>Members that wrote the letter on Wednesday embody Reps. Mike Flood, Wiley Nickel, Tom Emmer, and Ritchie Torres. Bitcoin remains to be buying and selling across the $26,000 stage at writing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/us-lawmakers-sec-immediately-approve-spot-bitcoin-etf\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF \u201cindistinguishable\u201d from Crypto Futures ETF. Bitcoin remains to be buying and selling across the $26,000 stage at writing on Wednesday. All eyes are on Bitcoin as we speak after the U.S. lawmakers urged the Securities &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[6952,20,2892,1419,647,571],"class_list":["post-29377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-approve","tag-bitcoin","tag-etfs","tag-immediately","tag-lawmakers","tag-sec","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=29377"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29377\/revisions"}],"predecessor-version":[{"id":29378,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29377\/revisions\/29378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/29379"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=29377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=29377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=29377"}],"curi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