US House Chair Warns Gary Gensler After SEC Calls Spot Bitcoin ETF Filings “Inadequate”

After reports of the US Securities and Exchange Commission (SEC) calling spot Bitcoin ETF filings by financial giants “inadequate”, US House Financial Services Committee Chairman Patrick McHenry took to Twitter to warn Chair Gary Gensler. The crypto community mocks the US SEC for leveraged futures Bitcoin ETF, but still no spot Bitcoin ETF.