US Senators Raise Concerns Over Approval of Spot Crypto ETFs

Saturday, 16 March 2024, 05:30
In a recent development, two U.S. senators have called upon SEC Chairman Gary Gensler to halt the approval of new cryptocurrency exchange-traded fund (ETF) applications due to heightened risks in alternative crypto markets compared to Bitcoin. The senators have emphasized the need for caution and regulatory scrutiny to protect investors from potential market vulnerabilities and uncertainties.

US Senators Urge SEC to Halt Approval of Spot Crypto ETFs

In a recent move, two U.S. senators have appealed to SEC Chairman Gary Gensler, urging the regulatory body to refrain from approving further cryptocurrency exchange-traded fund (ETF) applications. The senators highlighted concerns over the risks present in alternative crypto markets, emphasizing the need for cautious regulatory measures to safeguard investor interests.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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