Crypto Lobbyist Group Tells SEC Its Time for Bitcoin ETF, Says Regulator Is Inconsistent With Policy

Crypto Lobbyist Group Tells SEC Its Time for Bitcoin ETF, Says Regulator Is Inconsistent With Policy


A crypto lobbyist group is telling the U.S. Securities and Exchange Commission (SEC) that its inconsistent policies render it difficult to create a Bitcoin (BTC) exchange-traded fund (ETF).

In a new report, the Chamber of Digital Commerce says it’s time for the SEC to approve a Bitcoin ETF after it rejected numerous bids throughout the last few years to do so.

According to the lobbyist group, the SEC is biased in its mandates for approving Bitcoin ETFs as it forces firms toward Bitcoin futures ETFs, which it has shown it will approve.

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“The SEC has imposed on the industry an unprecedented requirement unique only to Bitcoin, which requires that an applicant prove that price discovery on Bitcoin occurs on the CME [Chicago Mercantile Exchange],

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