US Securities and Exchange Commission (SEC) Chairman Gary Gensler left unanswered questions about spot Ethereum ETFs.
SEC Chairman Gary Gensler Friday, March 8 day to Yahoo Finance gave an interview. In the interview in question, Gensler gave evasive answers to questions about spot Ethereum exchange traded funds (ETFs) and preferred to focus on the problems in the entire cryptocurrency market.
The question posed by the Yahoo Finance host was basically about Ethereum. in securities litigation It was based on whether previous decisions would set a precedent. But Gensler’s answer was “facts and circumstances” was in the direction of focusing:
I don’t want to prejudge any application and as you said, we have 10 applications ahead of us. So honestly, I’m not going to prejudge this. But coming to your question, we look at the facts and the circumstances and what’s in front of us.
On the other hand, Gensler emphasized that the cryptocurrency market has hosted serious problems in recent years and said, “The entire industry is riddled with abuse and fraud.” he stated.