Lawmakers from both parties in the U.S. House of Representatives are urging the Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) immediately. They argue that the SEC’s current position is untenable following a recent court decision and that there is no reason to continue denying such applications. The lawmakers will have the opportunity to question SEC Chair Gary Gensler on the matter during an oversight hearing on Wednesday. An approved bitcoin ETF would provide investors with an easier way to invest in the cryptocurrency market.
AI Sentiment: Positive
