U.S. Senator Cynthia Lummis: The U.S. SEC is taking too long to approve ETFs and cryptocurrencies are in “prime time”
Republican Senator Cynthia Lummis from Wyoming stated in a recent interview that the US Securities and Exchange Commission (SEC) requires issuers who want to invest in Bitcoin through ETFs to submit applications. However, the time it takes to approve these applications is too long, and it may cause misunderstandings for those who do not understand the basic principles of Bitcoin (i.e., most people) as to why regulatory agencies take so long to approve them, because Bitcoin is a "creation out of nothing," but this is not the case. Perhaps the SEC is concerned that the asset category of cryptocurrency ETFs is not yet ready for the "golden period," but in fact, cryptocurrency is already in the golden period.
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