US lawmakers urge SEC’s Gensler to approve spot Ethereum ETF

U.S. lawmakers argue that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safer format.

Amid growing anticipation of the potential approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, House lawmakers are pushing the securities regulator to approve the new product.

A bipartisan group of House lawmakers — including Majority Whip Tom Emmer and Democrat Josh Gottheimer — sent a letter to Securities and Exchange Commission Chair Gary Gensler on May 22, asking the SEC to approve spot Ether (ETH) ETFs. The lawmakers argued that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safe format.

“We urge the Commission to maintain a consistent and equitable approach when reviewing upcoming applications for other digital asset-backed ETFs,” the lawmakers wrote, adding:

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