Chamber of Digital Commerce says the time has come for the SEC to approve a Bitcoin ETF
The crypto advocacy group Chamber of Digital Commerce called on the Securities and Exchange Commission, or SEC, to approve applications for Bitcoin exchange-traded funds (ETFs) in the interests of United States-based investors. In a Monday report titled “The Crypto Conundrum,” the Chamber of Digital Commerce कहा the U.S. has fallen behind other countries whose residents have access to crypto investment vehicles including Bitcoin (बीटीसी) ETFs. The crypto advocacy group added there were “no reported instances of hacking or theft and no indications of market manipulation” related to बिटकॉइन ईटीएफ released abroad, suggesting the SECs reasoning in previously rejecting applications was “misguided and counterproductive.” “As the SEC continues to stonewall, the United States continues to fall further behind other countries as capital that would have been invested in the United States, which would be managed by U.S. firms employing U.S. persons, is instead deployed in other, more inovation-friendly countries,” said the Chamber of Digital Commerce — naming Canada, Germany, Sweden, Switzerland and Australia. The crypto advocacy group pushed back against the SEC citing its obligation to protect investors in denying the approval of a Bitcoin ETF, saying its actions encouraged investors “to acquire their exposure [to crypto] in a less regulated and/or foreign environment