Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Chainlink 
Toncoin 
Wrapped stETH 
Shiba Inu 
Sui 
Wrapped Bitcoin 
Stellar 
Polkadot 
Hedera 
WETH 
Hyperliquid 
Bitcoin Cash 
LEO Token 
Uniswap 
Litecoin 
Pepe 
Wrapped eETH 
NEAR Protocol 
Ethena USDe 
Bitget Token 
Aave 
USDS 
Aptos 
Internet Computer 
Cronos 
POL (ex-MATIC) 
Ethereum Classic 
Mantle 
VeChain 
Render 
MANTRA 
WhiteBIT Coin 
Monero 
Dai 
Bittensor 
Artificial Superintelligence Alliance 
Arbitrum 
Filecoin 
US Lawmakers Push SEC to Approve Bitcoin Options Trading
Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging the commission to greenlight options trading on Bitcoin exchange-traded products (ETPs). The move comes as US lawmakers seek to level the playing field for cryptocurrency funds.
In their bipartisan letter, Flood and Nickel emphasized the need for swift action, calling on the SEC to explain any disparities in treatment between options for Bitcoin futures ETFs, which are already trading, and those for spot Bitcoin ETPs.
The lawmakers underscored the significance of SEC approval for investors, highlighting the agency’s mandate to safeguard their interests.
Currently, the SEC is reviewing applications from major exchanges like the New York Stock Exchange, Nasdaq, and Cboe Global Markets, all submitted in January. Nasdaq has sought approval to list options on BlackRock’s iShares Bitcoin Trust, while Cboe plans to introduce options trading on various BTC funds. Similarly, the NYSE aims to offer options on Bitwise Bitcoin ETF, Grayscale Bitcoin Trusts, and other Bitcoin-backed trusts.
In a recent development, the SEC initiated a public consultation on a proposed rule change to permit Bitcoin options trading.
The agency aims to assess the potential impact on market stability, especially during volatile periods, and evaluate the adequacy of existing surveillance and enforcement mechanisms for Bitcoin options.
Interested parties can submit initial comments until May 15, with rebuttal comments accepted until May 29.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Get Blockchain Insights In Inbox
Stay ahead of the curve with expert analysis and market updates.
latest from tech
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.
About the Author: Editors Desk
