Statement on SEC Approving Spot Bitcoin Exchange Traded Funds

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Washington, D.C. – Blockchain Innovation Project Co-Chairs Former Reps. David McIntosh and Tim Ryan have issued the following statement on the Securities and Exchange Commission’s (SEC) decision to approve spot Bitcoin exchange traded funds: 

“The SEC’s approval of spot Bitcoin exchange traded funds is a big win for American investors and consumers. Blockchain Innovation Project (BIP) has been advocating for the approval, and we hope this represents a new and more positive perspective at the SEC where they see the potentially huge economic impact these technologies can have for Americans.  And we hope this decision is their first step in turning away from their history of overregulating digital assets and driving them to foreign nations.” – Former Reps David McIntosh & Tim Ryan, Co-Chairs, BIP

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