Four members of Congress have dispatched a letter to the Securities and Exchange Commission (SEC) today calling for immediate approval of a spot Bitcoin Exchange-Traded Fund (ETF).
The letter argues that the SEC’s recent appeals court loss to Grayscale Investments underscores the untenability and unlawfulness of the agency’s existing policy of rejecting such ETFs. “There is no reason to continue to deny such applications under inconsistent and discriminatory standards,” they wrote.
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