SEC boss Gensler is evasive and fuels uncertainty
SEC boss Gensler causes speculation: Bitcoin ETFs about to change course? The US securities regulator is reconsidering its stance following recent court rulings. A look at the uncertainties and potential impact on the crypto market.
SEC boss Gensler evades and stirs up uncertainty
In the hectic world of cryptocurrencies, US Securities and Exchange Commission (SEC) Chairman Gary Gensler is raising questions about the future of Bitcoin ETFs with his evasive answers. The scene is characterized by uncertainty and pressure from well-known asset managers, including BlackRock, Fidelity and Grayscale, for the approval of a Bitcoin spot ETF.
The stage is set: An interview with the US news channel “CNBC” yesterday (December 14th) provides insight into Gensler’s stance and the SEC’s possible policy change. Between the lines, he suggests that recent court decisions, particularly in the Grayscale case, require a review of previous Bitcoin ETF rejections. At the same time, he remains vague and cleverly avoids questions about the specific number of applications.
The uncertainty culminates in criticism from US Congressman Bryan Steil, who describes Gensler’s evasive maneuvers as misleading. The stage is therefore not only dominated by the players in the crypto world, but also by political tensions surrounding regulation.
Criticism of Gary Gensler’s attitude is loud
In a separate interview with Bloomberg on the same day, Gensler’s tendency to avoid clear answers was again criticized. Bloomberg ETF analyst James Seyffart puts it succinctly: Gensler’s behavior remains opaque while the countdown to possible approval of Bitcoin spot ETFs continues.
The scene finally ends with an image of waiting. Those involved on the stage of the crypto world are holding their breath. While the SEC now wants to reconsider its stance. The future of Bitcoin ETFs appears to remain in limbo, with the stage lit by the uncertainties that accompany an ever-changing industry on a daily basis.