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[SCAMEXPOSER]

Tom Emmer (MN-06) and Darren Soto (FL-09) are the two congressmen that filed an application to US Security exchange commission chairman for approval of a spot bitcoin exchange-traded fund (ETF) to start trading in the country.

They urge the SEC to allow trading to commence in ETFs based on spot Bitcoin, saying Bitcoin spot ETFs are based directly on the asset, which provides more protection for investors.

 

[Mariappa45]

What has happened since the two executives filed a lawsuit to SEC concerning the approval of spot trading of ETF in the country?
It's the first time I'm getting this update, and I believe this information should go down to the wire yielding adequate result which needs clarification if the motion filed against SEC yielded the expected result to issue approval to the demands of the ETF chairmen.

 

[SCAMEXPOSER]

What has happened since the two executives filed a lawsuit to SEC concerning the approval of spot trading of ETF in the country?
It's the first time I'm getting this update, and I believe this information should go down to the wire yielding adequate result which needs clarification if the motion filed against SEC yielded the expected result to issue approval to the demands of the ETF chairmen.

It is very possible that the application is still under consideration because it is less than a month or slightly more than a month that they filed their application we have seen some applications our last as high as six months or less before they are been approved by the security exchange commission of United States so that's all that very soon updates will turn up

 

[Balint098]

I don't think it's good for politicians like them to directly try to influence other agency's decision, especially the ones that are dealing with finance and monetary issues like SEC. Sure, I would like it if SEC approved BTC ETF, but through the means of lobbying like this is just bribery.

 

[darasimi]

There are many whales in the US supporting bitcoin related services. I have seen many congressman throwing their weight behind cryptocurrency. The hub of cryptocurrency in the world is the United States of America. There are many cryto whales in the country and there are many politicians who would protect cryptocurrency in the future.

 

[Balint098]

I think there's no need to lobby any of the governmental agencies there to approve anything crypto related. It will only make us like any other big corporate leaders trying to sway officials' opinion to get what they wanted. When crypto become popular enough, they will eventually accept it.

 

[darasimi]

I think there's no need to lobby any of the governmental agencies there to approve anything crypto related. It will only make us like any other big corporate leaders trying to sway officials' opinion to get what they wanted. When crypto become popular enough, they will eventually accept it.

We will have to convince them to see the potentials in cryptocurrency because the government makes the policies. The policies could affect cryptocurrency operations in the country. The government could go to the extreme by banning crypto related activities in the country.

 

[Wisdom01]

i really would have even love to see sec placing concern on approving a spot Bitcoin ETF to be traded ,but an suprised two people from the congress are making such move and see they are from usa shows that they are more interested to see that the Bitcoin ETF would really grow more

 

[SCAMEXPOSER]

The fact is that SEC will take it time to check the implications and benefits of the bill, though it is very possible that it might have been approved now but people that are authorized to use such features on Coinbase and other US based exchange platform may find out.

 

[Wisdom01]

We will have to convince them to see the potentials in cryptocurrency because the government makes the policies. The policies could affect cryptocurrency operations in the country. The government could go to the extreme by banning crypto related activities in the country.

yeah but most are not even ready to get convinced , because they don't have idea of what cryptocurrency is , most government are not even ready to see the crypto currency potential stretching forward ,they see it as a competitor to the country normal currency , that's why they don't want it

 

[Lobardi]

Spot trading is what happens most in the Crypto market and for them asking for the right options is actually a thing that's commendable and will make things happen in the right time and process to be honest actually and will take the market up as well with the free moving trajectory to the curve at the moment of impact