Two US senators Jack Reed and lefa Butler are arguing for the Securities And Exchange Commission chair Gary Guinsler to Halt approval of any more Cryptocurrency ETFs due to risks of Fraud and manipulation they argue that Allowing such approvals exposes retail Investors to thinly traded markets they Specifically cite concerns about the Approval of spot Bitcoin ETFs setting a Precedent for further approvals the Senators also call for increased Regulatory scrutiny on bitcoin ETF Brokers and advisers this pressure on Gendler suggests that the approval of an Ether ETF in May is less likely both Reed and Butler have a history of Involvement in legislation aimed at Regulating crypto currencies possibly Indicating a broader regulatory trend For all the latest crypto news and Updates subscribe to the official coin Telegraph YouTube channel
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