US Representatives Push for SEC Approval on Bitcoin (BTC) Spot ETF Options: A Game-Changer in Crypto Trading?

• US congressmen Mike Flood (R-NE) and Wiley Nickel (D-NC) are urging the U.S. Securities and Exchange Commission (SEC) to approve options trading on Bitcoin (BTC) exchange-traded funds (ETFs).
• The SEC is currently seeking public comment on rule changes that would allow options trading on Bitcoin funds.
• Several exchanges, including Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, have filed with the SEC to offer options trading on the new Bitcoin ETFs.

US congressmen are urging the SEC to greenlight options trading on Bitcoin ETFs, a move that could significantly impact the cryptocurrency market.

US Congressmen Advocate for Bitcoin Options Trading

Representatives Mike Flood (R-NE) and Wiley Nickel (D-NC) have reportedly sent a letter to SEC chair Gary Gensler, urging him to approve options trading on Bitcoin ETFs. The congressmen argue that this move is crucial for the protection of investors that the SEC seeks to safeguard.

SEC’s Response to the Proposal

The SEC has yet to act on the proposals submitted by several exchanges, including Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, all of which are seeking to offer options trading on the new Bitcoin ETFs. The agency is currently soliciting public comment on rule changes that would permit this type of trading. The SEC has stated that any proposed rule changes should al... Read the full article for FREE at COINOTAG!