Congressman ‘frustrated’ with SEC Chair as Bitcoin Spot ETF debate continues - Aliens: AI Crypto News & Markets Updates
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Congressman ‘frustrated’ with SEC Chair as Bitcoin Spot ETF debate continues

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AMB Crypto

Fri, Jan 14, 2022

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https://t.co/hsJXvmFvzD — Tom Emmer (@RepTomEmmer) January 13, 2022 He noted in an interview that Gensler “is too smart to be so stupid,” adding “This is driving opportunity off our shores and just look at the intellectual inconsistencies.” He said this with regard to the regulator’s decision to allow Bitcoin futures while blocking physically-backed ETFs. To recall, on 19 October, ProShares Bitcoin ETF ( BITO ) was listed at $40 to become the first futures ETF.

However, two Bitcoin spot ETFs proposed by Valkyrie and Kryptoin were rejected by the SEC just a while back.

Notably, he once said in the past- What Gensler is doing is “intentional” and not “ignorant,” in an attempt to “grow their regulatory jurisdiction over this industry.” However, the most important question is- With politics over the crypto ETF, will 2022 see the launch of the first Bitcoin spot exchange-traded fund?

This time around the regulator has extended the decision deadline on NYDIG spot bitcoin ETF to 16 March, instead of the previous January 15.

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