Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), talked about cryptocurrencies. BlockFi made statements about Super Bowl ads, Ripple, Ethereum, Bitcoin spot ETFs and more.
Gary Gensler, who participated in the Fox Business program with Liz Claman, asked why the SEC XRP token Talking about investigating Ripple’s activities for the sale of SEC’s XRP case won’t take a step back and Ripple’s longstanding securities regulations has violated told.
Gensler, SEC’s is an unregistered security He shared his views on Ripple, which he believes in, and what makes or does not make a cryptocurrency a security:
“The conceptual framework is this; Is any public invested cryptocurrency expecting to profit from the efforts of others? Jay Clayton gave a very good explanation on this. Looking at these tokens it’s rare to find one that doesn’t. The public invests in the hope of a profit based on the efforts of another group.”
US Securities and Exchange Commission (SEC) and Ripple since December 2020 a long and complicated legal case is in the process.
Also, why do you want Bitcoin spot ETFs like Fidelity and Grayscale? continues to reject 1 reason why crypto lending platform BlockFi00 million dollars One of the titles included in the explanatory notes is that he was punished.
The SEC is considering BlockFi as part of a deal as it offers unregistered securities products with interest-bearing accounts. fined $100 million he was struck. According to Gensler, the deal is critical in content to the SEC’s fight against platforms that do not provide adequate investor protection against fraud and manipulation.
Gensler also mentioned Fidelity, SkyBridge, Kryptoin, VanEck and WisdomTree Bitcoin spot ETFs. He said ETF products that the SEC refused to approve do not have an investor protection framework.