WASHINGTON, D.C. — Today, U.S. Senator Cynthia Lummis (R-WY) released the following statement after the U.S. Securities and Exchange Commission (SEC) granted approval for Bitcoin spot exchange traded funds (ETFs):
“The SEC’s decision to comply with the Grayscale court ruling and approve the pending Bitcoin spot ETFs to be listed on registered national securities exchanges is a historic decision for the crypto asset community. It will provide millions of Americans with easier access to crypto assets and allow them to benefit from professional managers and more competitive fees,” said Lummis. “This move demonstrates that responsible innovation in the crypto asset markets is possible and further underscores the need for the clear and commonsense framework Lummis-Gillibrand establishes in this space.”
Since taking office in 2021, Senator Lummis has been a consistent advocate for the SEC to approve spot bitcoin ETF applications because of the enhanced consumer protections and investor choice that spot bitcoin ETFs offer.