Lawmakers press SEC Chair Gensler to approve spot Ethereum ETFs | Headlines | News | CoinMarketCap

05/23/2024 20:35
Lawmakers press SEC Chair Gensler to approve spot Ethereum ETFs | Headlines | News | CoinMarketCap

A group of bipartisan House lawmakers urged Securities and Exchange Commission Gary Gensler to approve spot Ethereum ETFs as the agency faces a …

A group of bipartisan House lawmakers urged Securities and Exchange Commission Gary Gensler to approve spot Ethereum ETFs as the agency faces a deadline on Thursday to make a decision. 

The agency should apply the same "principles" as it did when spot Bitcoin ETFs were approved earlier this year, said House Majority Whip Tom Emmer, R-Minn.., Reps. French Hill, R-Ark., Josh Gottheimer, D-N.J., Mike Flood, R-Neb., and Wiley Nickel, D-N.C. in a letter sent to Gensler on Wednesday. 

"With the Commission's actions earlier this year, it seems a natural progression that would not only demonstrate consistency in the Commission's application of its standards but would also affirm the legal reasoning that facilitated the spot Bitcoin ETPs decision," the lawmakers said. 

The SEC …

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