US House Chair Warns Gary Gensler After SEC Calls Spot Bitcoin ETF Filings "Inadequate"
Patrick McHenry Criticized SEC Chair Gary Gensler US House FSC Republican Chairman Patrick McHenry earlier said he will closely watch the US SEC’s response to spot Bitcoin ETF filing by financial services giant BlackRock. advertisement Patrick McHenry said if the reports of the US SEC are true, then Gary Gensler has a lot to explain regarding the action. He urged the US SEC to look into a spot Bitcoin ETF, claiming that it will provide investors with a regulated product. In addition, he said the only reason behind rejecting it could be Gary Gensler wanting to kill crypto innovation in the US. However, the US SEC only informed Nasdaq and CBOE that they need to refile applications with respect to the “surveillance-sharing agreements” and spot Bitcoin exchange that would be used by BlackRock, Fidelity, and other asset managers. Recommended Articles ...