#ETHETFsApproved

US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs

Five U.S. representatives have urged the U.S. Securities and Exchange Commission (SEC) to adopt a consistent policy for ethereum exchange-traded funds (ETFs), following their previous approval of spot bitcoin ETFs. In a letter dated May 22 to SEC Chair Gary Gensler, Representatives French Hill, Tom Emmer, Mike Flood, Josh Gottheimer, and Wiley Nickel explained that “the approval of spot bitcoin exchange-traded products (ETPs) represents a pivotal moment for both digital assets and our financial markets.”

The lawmakers continued: “We urge the Commission to maintain a consistent and equitable approach when reviewing upcoming applications for other digital asset-backed ETPs.”