US Securities and Exchange Commission (SEC) Chairman Gary Gensler did not focus on crypto assets when talking about the treasury market.
Speaking to Bloomberg, Gary Gensler said: “The $26 trillion treasury market is the foundation of our capital markets. This is how we fund the state. This is how our Federal Reserve does monetary policy. This is how we ensure dollar dominance on a global scale. Do you want to ask me about crypto? said.
The SEC continues to evaluate 13 applications to establish a spot Bitcoin exchange-traded fund in the country. Analysts say the country’s first spot Bitcoin ETF To be approved in early 2024 waiting.
Gensler, in his statements, “The US Treasury market is a very important market. Not only are crypto securities smaller, we don’t fund our government with them. We don’t do our monetary policy that way. And many investors suffered losses in that market. They are harmed because there is so much legal non-compliance. It’s not just about not complying with securities laws. And not complying with a bunch of other laws.” he continued.