Gary Gensler and the SEC must approve Bitcoin ETFs "immediately"

As the Securities and Exchange Commission announced the umpteenth delay of its decision regarding the applications for Bitcoin spot ETFs from Ark Invest and 21 Shares, US lawmakers expressed some hours earlier their impatience with Gary Gensler, the president of the SEC.

A group made up of 4 members of the US Congress, from both the Republican and Democratic parties, challenged Gary Gensler in a letter published on Tuesday September 26. “A regulated spot Bitcoin ETF would provide increased protection for investors by making access to Bitcoin safer and more transparent… Congress has a duty to ensure that the SEC approves investment products that meet the requirements set by Congress.We invite you to immediately approve the listing of spot ETPs on Bitcoin.”