The U.S. Securities and Exchange Commission moved earlier than required to extend a couple of deadlines in the pile of spot bitcoin ETF applications awaiting responses.
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
The crypto industry is expected to transition into a formal, regulated asset management industry with more than $500 billion of assets over the next five years, the report said.