As anticipation grows for a spot Ethereum (ETH) exchange-traded fund (ETF) to be approved in the United States, members of the House of Representatives are urging securities regulators to approve the new product. On May 22, members of both parties in the House, including majority whip Tom Emmer and Democrat Josh Gottheimer, sent a letter to Securities Exchange Commission Chairperson Gary Gensler asking the Securities Exchange Commission to approve a spot Ethereum ETF. Lawmakers believe that a potential spot Ethereum ETF would provide investors with the opportunity to invest in ETH in a more regulated and secure form.
"We urge the committee to be consistent and fair in its review of upcoming applications for other digital asset-backed ETFs," the lawmakers wrote, adding: "Specifically, the committee should apply the same principles set out when approving spot bitcoin ETPs when evaluating pending Ethereum ETF applications, as the legal considerations related to bitcoin also apply to Ethereum."
US lawmakers urge SEC to approve spot Ethereum ETF
2024-05-23 17:11:43
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