U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion

It appears that US banks are looking to advocate for changes in the regulations set by the Securities and Exchange Commission (SEC) regarding cryptocurrency, particularly relating to the exclusion of Bitcoin Spot ETFs.

A Bitcoin Spot ETF would allow investors to directly hold Bitcoin within the ETF. Currently, the SEC has not approved any spot Bitcoin ETFs due to concerns regarding market manipulation, fraud, and custody security. However, the SEC has approved Bitcoin Futures ETFs, where investors can buy contracts predicting the future price of Bitcoin