SEC Chair Gary Gensler Defends His Role in Crypto Decision-Making
SEC Chair Gary Gensler responded to calls from the crypto industry for him to recuse himself from certain crypto-related decisions. He stated that he is fully compliant with the law and takes his oath to enforce it seriously. Gensler emphasized the importance of protecting the investing public and considering the facts and circumstances of each individual token and platform. He also acknowledged his ethical responsibilities.
Key Points:
- Gensler rejects calls to recuse himself from crypto enforcement decisions.
- The Blockchain Association argues that Gensler’s views on digital assets prevent fair assessment.
- The SEC is urged to investigate the granting of a broker-dealer license to Prometheum.
- BlackRock and Fidelity list Coinbase as a market surveillance sharing partner for a spot bitcoin ETF.
- Gensler raises concerns about crypto exchanges operating conflicted services and limited risk monitoring.
Hot Take:
Gensler’s refusal to recuse himself demonstrates his commitment to enforcing the law and protecting investors. However, concerns about his views on digital assets and potential conflicts of interest persist within the industry. The SEC’s scrutiny of Coinbase and its warning about the risks associated with crypto platforms highlight the need for greater transparency and regulation in the cryptocurrency market.
By
By
By
By
By
By