SEC approves 11 Spot BTC ETFs - Lawmakers divided
The SEC approved 11 spot BTC ETFs for trading, with Chair Gary Gensler issuing a cautious warning about crypto risks, and Commissioner Caroline Crenshaw dissenting.
Lawmakers, including Patrick McHenry and Senators from both parties, expressed mixed reactions to the SEC's decision on spot BTC ETFs, while Elizabeth Warren criticized the SEC for making the wrong decision. House Financial Services Committee Republicans, led by McHenry, called for a briefing on the SEC's compromised X account and are working with the FBI on an investigation.
The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:
SEC Gives Green Light: Approves Trading for 11 Spot BTC ETFs
The SEC approved 11 spot BTC ETFs, clearing them to begin trading today. SEC Chair Gary Gensler released a statement on the decision, warning that “Investors should remain cautious” about the risks associated with crypto. SEC Commissioners Mark Uyeda, Hester Peirce, and Caroline Crenshaw also released statements, with Crenshaw dissenting.
Gensler Issues Warning: SEC Chair Cautions Investors on Crypto Risks
Several lawmakers released statements in support of the SEC’s decision, including House Financial Services Chair Patrick McHenry (R-NC), Reps. French Hill (R-AR), Mike Flood (R-NE), and Wiley Nickel (D-NC), and Sen. Bill Hagerty (R-TN). Conversely, Sen. Elizabeth Warren (D-MA) asserted that the SEC “made the wrong decision.”
领英推荐
Lawmakers Divided: Mixed Reactions to SEC’s Approval of Spot BTC ETFs
Four Republicans on the House Financial Services Committee, including Chair Patrick McHenry (R-NC), sent a letter to SEC Chair Gensler demanding a briefing on the agency’s compromised X account. The SEC said it is coordinating with the FBI to investigate.
Call for Investigation: House Financial Services Committee Demands SEC Briefing on Compromised X Account
At a House Financial Services Committee Digital Assets, Financial Technology and Inclusion Subcommittee hearing, Republicans, including Subcommittee Chair French Hill (R-AR), criticized the Financial Stability Oversight Council’s (FSOC) efforts to regulate digital assets.?
Congressional Critique: Republicans Question FSOC's Regulatory Approach to Digital Assets
House Majority Whip Tom Emmer (R-MN) also tweeted about the need to hold the FSOC accountable.
Coinbase Challenges Oversight: Opposes CFPB's Proposed Rule on Non-Bank Payment Providers and Crypto Transactions
Coinbase submitted comments opposing the CFPB’s proposal to bring non-bank payment providers and certain crypto transactions under its oversight, arguing that the CFPB has never been given authority over crypto assets.