Washington D.C. – Pressure is mounting on the U.S. Securities and Exchange Commission (SEC) to review its stance on Bitcoin ETF applications. A bipartisan group of U.S. House lawmakers, including influential members of the House Financial Services Committee, has called on SEC Chair Gary Gensler to promptly approve spot Bitcoin ETF applications.
These developments come in the wake of the SEC’s legal setback after its decision to deny Grayscale’s spot bitcoin ETF application was overturned. Grayscale, a prominent name in the cryptocurrency space, shares its parent company, Digital Currency Group, with CoinDesk.
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