Timothy Massad, former chairman of Commodity Futures Trading Commission (CFTC) has become the latest US regulatory executive to advocate for a Bitcoin ETF. Mossad said a Bitcoin ETF would be good for the transparency and integrity of the market. Mossad published an opinion piece talking about the hype and regulatory hurdles around a Bitcoin exchange-traded fund. He wrote,
“Although it would be best to see such ETFs approved only after Congress has strengthened crypto regulation generally, the likelihood of that happening shortly is low. The next best thing, then, is for the SEC to approve an ETF conditionally in a way that would enhance transparency and integrity in the industry.”
Before Mossad, SEC commissioner Hester Peirce had also called out SEC for the continuous delays in approval for a Bitcoin ETF.
Subscribe to our newsletter for free
