Crypto NewsNewsWill US Crypto Foe Gary Gensler Remain SEC Chair? When is the...

Will US Crypto Foe Gary Gensler Remain SEC Chair? When is the Change?

Is it possible for SEC Chairman Gary Gensler to be replaced by a more cryptocurrency-friendly SEC Chairman? Which date?

Follow Bitcoin Sistemi Google News Button

Investment bank TD Cowen's research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year.

The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.

“After the SEC approved crypto futures ETFs, this decision was inevitable,” Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a “basket of crypto tokens” within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.

However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a “highly critical” statement opposing the adoption of crypto legislation that could diminish his agency's power.

Related News  This Altcoin Ignored the SEC's Warning: Voting Begins to Distribute Fees to Token Holders

Gensler said:

“This is because many investors in the crypto industry do not play by the rules.”

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week