US Spot Crypto ETF Options: The Spot Bitcoin ETF options approval has been delayed by the SECGov however:

Two US lawmakers, representing both Republicans and Democrats, have taken action by penning a letter to SEC Chair Gary Gensler.
Gensler has been asked to give a nod to the Bitcoin ETF options without further delay.

The broader context reveals a disparity in the approval process between market stock ETFs. The stock ETFs typically see options trading approval shortly after launch while commodity trust-based fund face a more intricate and prolonged process. This complexity arises from the necessity of obtaining approval from multiple government agencies, including the Commodity Futures Trading Commission (CFTC ).

Moreover, insiders close to the matter anticipate the CFTC to pose the primary obstacle rather than the SEC. The CFTC’s involvement in approving such products also stems from the recent contradiction from the SEC over the Ethereum (ETH) controversy. Hence, it remains to be seen if the CFTC and the SEC would collaborate on deciding whether the Bitcoin ETF options should be approved or not.

IMO: The competition between the SECGov and the CFTC for jurisdiction over US crypto regulation has reached this pinnacle moment. The judicial qualification of Ethereum as a commodity will push jurisdiction to the CFTC and open up an injection of $2 trillion into the alt coin market.

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