Bitcoin ETF and USA lawmakers

[Samaaliu]

members of the USA government different in response to the crypto world, some members choose to make strict rules and some choose to support crypto, the SEC rejects the Bitcoin ETF but does not give a response to US lawmakers who have Bitcoin.

I think it's not objective, if the SEC wants to ban bitcoin ETF, I think the SEC must ban and confiscate bitcoin from every USA resident, including USA lawmakers.

because many from the USA lawmakers that have lots of Bitcoin.

You have made a very good point here. I have always had this believe that even our politicians or lawmakers also have bitcoin and cryptos therefore it will be difficult for bitcoin to completely be banned.

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[Nexigen]

Prohibition of bitcoin in US will put this country on the same level as authoritarian regimes, so they will never do so. There may be some restrictions, but not a complete ban.

[annaso]

ETFs are marketable securities that track an index, commodity, or basket of assets, that are proportionately represented in the fund’s shares.
The SEC cited failure to prevent manipulation and fraud as well as failure to prove Bitcoin markets are “markets of significant size” as reasons for rejection.There are still several Bitcoin ETF applications under review by the SEC. One of the decision is awaited on September 30.