U.S. Lawmakers Urge U.S. SEC to Approve Spot Ether ETFs

As anticipation grows for spot ethereum (ETH) exchange-traded funds (ETFs) to be approved in the U.S., members of the House of Representatives are urging securities regulators to approve the new product. on May 22, a bipartisan group of House lawmakers, including Majority Whip Tom Emmer and Democrat Josh Gottheimer, sent a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler asking for SEC approval of a potential spot ethereum ETF. On May 22, a bipartisan group of House members, including Majority Whip Tom Emmer and Democrat Josh Gottheimer, sent a letter to SEC Chairman Gary Gensler requesting that the SEC authorize a spot ethereum ETF. "We urge the Commission to be consistent and even-handed in its review of upcoming applications for other digital asset-backed ETFs," the lawmakers wrote, adding, "Specifically, the Commission should apply the same principles set forth in its approval of the Spot Bitcoin ETP in evaluating the pending ethereum ETF application, as it is similar to the Spot Bitcoin ETP. the same principles set forth, as the legal considerations associated with bitcoin also apply to ethereum."