Representatives Mike Flood and Wiley Nickel urged the SEC’s chair Gary Gensler to stop discriminating against Bitcoin funds in a letter.
United States lawmakers are reportedly pressing the Securities and Exchange Commission to approve options trading on Bitcoin exchange-traded products (ETPs).
According to a report by Axios, Representatives Mike Flood and Wiley Nickel recently wrote a letter to the Commission’s chair, Gary Gensler, urging the SEC to stop discriminating against crypto funds.
“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,” reads the bipartisan letter.