Coinbase's Calvert: Want a Comprehensive Framework for Crypto

Good morning, Chairman McHenry, Ranking Member Waters, and members of the Committee. Thank you for inviting me to testify today. As is customary, I’d like to note that my views ...

A group of Republican and Democratic lawmakers pressed Securities and Exchange Commission Chair Gary Gensler to urgently allow the listing of a spot bitcoin exchange-traded fund following a significant court ruling. Reps. Mike Flood, R-Neb., Tom Emmer, R-Minn., Ritchie Torres, D-N.Y. and Wiley Nickel, D-N.C., urged Gensler to allow those listings, arguing a regulated spot bitcoin ETF would increase investor protection by making access to bitcoin more transparent and safer, according to a letter sent Tuesday. "Congress has a duty to ensure the SEC approves investment products that meet the requirements set out by Congress," they said. "To that end, we urge you to approve the listing of spot-bitcoin ETPs immediately." tweet: A group of Democrat and Republican lawmakers sent a letter to Genz today pleading w him to approve a spot bitcoin ETF.. via @TheBlock__ pic.twitter.com/SVhaFZurni tweet: Here is second page of letter pic.twitter.com/wDC0rt1l2P