A letter opens a new front in a political battle over cryptocurrency products.
approvalNow a bipartisan pair of congressmen are making sure the SEC "does not continue to discriminate" against those newly launched funds.Approving options trading on bitcoin ETFs is "critical" and "crucial" to the investors the agency "seeks to protect," the document viewed by Axios reads.
"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," write Flood and Nickel, a Republican and Democrat, respectively.
That's because such products require sign-off from multiple government agencies, including the Commodity Futures Trading Commission.: People close to the matter tell Axios that they expect the CFTC, not the SEC, to be the biggest hurdle to overcome.Share on facebook Share on email
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