Chapman represented the Chamber of Digital Commerce in connection with its “Spot Bitcoin ETF Initiative” which set out to gain a deep understanding of the industry’s experience in pursuit of a registered Spot Bitcoin ETF and provide insight into the most realistic avenues for ultimately getting the SEC to approve this widely anticipated investment product.
On September 12, 2022, The Chamber of Digital Commerce released its report — “The Crypto Conundrum: Why Won’t the SEC Approve a Bitcoin ETF?”— a resource for legislators, regulators, and market participants seeking to understand the SEC positions on Spot Bitcoin ETF applications and charting a path forward. Chapman assisted the Chamber of Digital Commerce in the preparation of the report and participated in interviews with industry experts, including ETF issuers, custodians, attorneys, and capital markets professionals.