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CDS Crypto News US Lawmakers Against the SEC: Lawmakers Pressure Agency to Approve Bitcoin Options Trading

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US Lawmakers Against the SEC: Lawmakers Pressure Agency to Approve Bitcoin Options Trading

US lawmakers against the SEC continue to argue that the delayed approvals should now be granted.

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Us Lawmakers Against The Sec: Lawmakers Pressure Agency To Approve Bitcoin Options Trading

Crypto News – According to reports, US politicians are putting pressure on the SEC to allow options trading on exchange-traded products (ETPs) that include Bitcoin.

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US Lawmakers Against the SEC: Lawmakers Pressure Agency to Approve Bitcoin Options Trading

Representatives Mike Flood and Wiley Nickel reportedly urged the SEC to stop discriminating against cryptocurrency funds in a letter they submitted to Gary Gensler, the chair of the agency, according to an Axios report.

We urge you, without delay, to approve options on spot Bitcoin ETPs or to provide an explanation for the Commission’s difference in treatment between options for Bitcoin futures ETFs — which are currently trading — and options for the spot Bitcoin ETPs,
the letter

Flood and Nickel claim that the approval is essential for the investors that the SEC “seeks to protect.”

SEC Continues to Delay Approvals

Decisions regarding applications submitted in January by the New York Stock Exchange, Nasdaq, and Cboe Global Markets have been deferred by the agency. While Cboe plans to provide options trading on other Bitcoin funds, Nasdaq has registered to list and trade options on BlackRock’s iShares Bitcoin Trust. In a similar vein, the NYSE plans to trade options on Grayscale Bitcoin Trusts, Bitwise Bitcoin ETF, and any other trust that holds Bitcoin. A new round of consultations on the proposed rule change to allow options trading on Bitcoin funds was just started by the commission.

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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