SEC Chair Gary Gensler addressed a letter to Minnesota Representative Tom Emmer last Tuesday saying that the regulatory body was no closer to approving a Bitcoin (BTC)Bitcoin (BTC) is a decentralized digital currency, often referred to as a cryptocurrency, that operates without a central authority or single administrator. It was invented in 2008 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto and was released as open-source software in 2009. Key Features: • Decentralization: Bitcoin operates on a decentralized peer-to-peer network, meaning... More spot ETF in the United States. “The SEC’s approach to cryptocurrencyCryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... regulation has been unacceptable,” said Emmer in a November letter. “While the trading of Bitcoin futures ETFs is a great step forward for the millions of American investors who have been demanding regulatory clarity, it does not make sense that Bitcoin spot ETFs cannot also commence trading.”