U.S. Senators Call for SEC to Halt Crypto ETFs
Quick look Senators Jack Reed and Laphonza Butler urged the SEC to stop further crypto ETF approvals, highlighting the risks to retail investors. They cite concerns over “thinly traded” markets and potential fraud, especially in altcoins beyond Bitcoin. Crypto industry representatives, including Coinbase’s Paul Grewal, defend the potential for crypto ETFs, citing high trading volumes …