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International Business Times
International Business Times
Business
Marvie Basilan

Pro-crypto Lawmakers Press Gensler's SEC To Approve Spot Bitcoin ETF Options

SEC Bitcoin ETF Wiley Nickel Mike Flood CFTC Gary Gensler BlackRock
SEC Chair Gary Gensler is under mounting pressure to approve spot Bitcoin ETF options trading. (Credit: Marco Verch/flickr)

KEY POINTS

  • The lawmakers said they wanted to make sure the SEC wasn't discriminating against BTC ETFs
  • Some observers have said they believe the CFTC will be a larger hurdle to options instead of the SEC
  • The SEC delayed making a decision on spot BTC ETF options and has sought for public comments

Representatives Mike Flood, R-Neb., and Wiley Nickel, D-N.C., are pushing the U.S. Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) options following the historic approval of spot BTC ETFs in January, a new report revealed.

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