In a recent development, Senators Laphonza Butler of California and Jack Reed of Rhode Island have urged Securities and Exchange Commission (SEC) Chair Gary Gensler to refrain from approving future crypto exchange-traded funds (ETFs). The senators emphasized concerns about the potential risks to retail investors associated with thinly traded markets and the susceptibility to fraud and manipulation in the crypto space. Their letter to Chair Gensler underscores the need to limit future crypto ETF