Press Releases

Congressman Wiley Nickel (NC-13), a member of the House Financial Services Committee and Subcommittee on Digital Assets, issued the following statement in response to the historic approval of numerous spot bitcoin ETFs:

“Today's historic approval of spot bitcoin ETFs is a victory for everyday investors and the future of the digital asset market,” said Congressman Wiley Nickel. “Regulation of spot bitcoin ETFs will provide increased protection for investors by making access to digital assets safer and more transparent. While I’m pleased with Chairman Gensler’s decision, it's clear that his regulation by enforcement battle is losing in the courts and in public opinion. Congress has a role to play in pushing back against the SEC’s untenable approach on digital assets. As a member of the House Financial Services Committee, I’ll continue to push for bipartisan digital asset market structure legislation to increase protection for investors and make access to bitcoins safer and more transparent.”

ETFs are a type of exchange-traded investment product that must register with the U.S. Securities and Exchange Commission. Like mutual funds,  ETFs offer investors a way to pool their money in a fund that makes investments in stocks, bonds, or other assets and, in return, to receive an interest in that investment pool.