U.S. lawmakers argued that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safe 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 SEC Chair Gary Gensler on May 22, asking the SEC to approve spot Ether 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:
