US lawmakers call on SEC chair to approve spot Bitcoin ETFs 'immediately'

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SEC chair Gary Gensler may face tough questions from four U.S. lawmakers on spot Bitcoin ETFs during a Sept. 27 hearing.

The request came ahead of Gensler’s scheduled appearance before the House Financial Services Committee on oversight of the SEC. All four lawmakers are members of the committee and could address the matter in the Sept. 27 hearing. The proceeding will likely not be affected by thewith lawmakers unable to reach an agreement on spending as of the time of publication.

To date, the SEC has not approved the listing of any spot BTC ETF. Many had expected the commission to reconsider pending ETF applications following the SEC’s loss to Grayscale in court in August. However, the regulator subsequentlyMagazine:

 

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