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Why Some US Congressmen Are Asking Gensler About a Bitcoin Spot ETF

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On right now’s episode, NLW follows up on the burgeoning bitcoin-mayor competitors between New York City’s Eric Adams and Miami’s Francis Suarez. The present’s fundamental subject is an open letter despatched by Congressional Blockchain Caucus co-chairs Rep. Tom Emmer and Rep. Darren Soto to Securities and Exchange Commission Chair Gary Gensler in regards to the latest approvals of bitcoin futures-based exchange-traded funds. They argue it merely doesn’t make sense to approve a futures ETF however not a spot ETF that holds precise bitcoin. Surprise, shock, the crypto group agrees.

See additionally: US Lawmakers Call for Bitcoin Spot ETF in Letter to SEC Chair Gensler

“The Breakdown” is written, produced by and options Nathaniel Whittemore aka NLW, with enhancing by Rob Mitchell, analysis by Scott Hill and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Beach. The music you heard right now behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit score: Daniel Acker/Bloomberg/Getty Images, modified by CoinDesk.

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