SEC Commissioner Grilled on Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees
Summary
SEC Commissioner Crenshaw expressed concerns about approving bitcoin exchange traded products due to fraud in crypto markets. She opposed these products, citing investor protection and fraud risks. The hearing also addressed nominations for financial regulatory positions, including CFTC members. The process requires committee and Senate approval. The hearing briefly discussed U.S. banks' custody of digital assets, with the FDIC commissioner stating it's not their role to dictate banks' services.
