Cryptocurrency

Cryptocurrency

US lawmakers urge SEC’s Gensler to approve spot Ethereum ETF

Amid growing anticipation of the potential approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, House lawmakers are pushing the securities regulator to approve the new product.A bipartisan group of House lawmakers — including Majority Whip Tom Emmer and Democrat Josh Gottheimer — sent a letter to Securities and Exchange Commission Chair Gary Gensler on May 22, asking the SEC to approve spot Ether (ETH) ETFs. The lawmakers argued that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safe format.“We...
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