Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), made important statements regarding the cryptocurrency industry.
SEC Chairman Gary Gensler September 12 day US Senate Banking Committee He appeared before him and testified. cryptocurrency industry safer for investors And compliant with law Gensler stated that efforts are continuing to make the decision taken by the court and grayscale He emphasized that the case decision, which largely justified the case, is still being examined.
However, Senator Bill Hagerty, One to Gensler spot Bitcoin exchange-traded fund (ETF) When asked what it would take to get approved, Gensler said, alluding to ETF applications. review processes are ongoing He gave an evasive answer.
In a previous court decision, the SEC stated that there was no reason to convert the forward Bitcoin ETF into a spot Bitcoin ETF, and was at the center of criticism with this statement. This speech of Gensler is about spot Bitcoin ETF. rather than sharp corners It was full of more inclusive expressions.
“The cryptocurrency industry is quite scary”
Gensler said that cryptocurrency companies are currently Not SEC compliant and many There was a case of fraud he stated. Stating that the cryptocurrency industry is quite prone to abuse, the president said:pretty scary” he described.
Gensler said he made a clear call to SEC staff regarding cryptocurrency regulations because, unlike stocks and bonds, this sector complex and not easily decomposed He suggested that it has a structure.
The President also noted that it is none of his agency’s business what the capital treatment for cryptocurrencies will be. job of bank regulators He argued that it was.