Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), made a statement regarding the spot Bitcoin (BTC) ETF (exchange traded fund) applications while responding to the criticism that the institution has exceeded its powers.
SEC Chairman Gary Gensler 12 July on regulation of money market funds and brokerage houses At a press conference on the issue of the SEC and its to the reactions mentioned. Gensler also spot Bitcoin ETF He also included some of the reservations of the regulators in his speech.
On the SEC’s cryptocurrency regulation exceeded his powers and against the cryptocurrency ecosystem discriminatory One treatment circulating in the market in the direction of leading to criticism Gensler replied that the essential purpose of their operations was “investor protection” stated that. President, on this no discrimination expressed in these words:
Together with the members of the commission, we took an oath to implement the law passed by Congress as interpreted by the courts. Ultimately, the main goal is to protect investors, to study the facts and circumstances of each token and platform.
at this point ethical obligations till the end aware Underlining that the at ease implied it was.
Gensler has also been the world’s largest asset manager in recent weeks. BlackRock’s application reintroduced with spot Bitcoin ETF questions on the subject specific declined to answer. However, the president where transactions are carried out against users by cryptocurrency exchanges about that you doubt stated.
This means that they may be trading directly against you, meaning you may be dealing with a market maker against you that you cannot see or expect to see on the New York Stock Exchange (NYSE) or the Nasdaq.
Many of Gensler’s statements on the subject have been spot Bitcoin ETF in his application surveillance partner USA’s largest cryptocurrency exchange to Coinbase It was thought to have been dedicated. Gensler, in this direction, market manipulation And wash trading against fraudulent transactions such as limited risk monitoring He also underlined that he has The SEC has handled many spot Bitcoin ETF applications in the past. market manipulation citing reasons had refused.