Gary Gensler’s Response to XRP Lawsuit Question Causes Temporary Pause in Interview

Gary Gensler's Response to XRP Lawsuit Question Causes Temporary Pause in Interview

Gary Gensler’s Response to XRP Lawsuit Rulings

During an interview, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was questioned about the recent court losses in crypto lawsuits, including the Ripple XRP lawsuit. Gensler, known for his anti-crypto stance, initially stated that the crypto industry often operates outside the law. However, when confronted with the fact that Ripple and Grayscale had received favorable rulings from sympathetic judges, Gensler remained silent, acknowledging the setbacks.

Potential Impact on Spot Bitcoin ETFs

The recent ruling in the Grayscale lawsuit could expedite decisions regarding spot Bitcoin ETF applications from companies like Blackrock, Fidelity, and Bitwise. The SEC Chair previously mentioned that a decision on the court order related to Grayscale had not been made yet. This development suggests that a resolution may come sooner than expected.

SEC’s Collective Decision-Making Process

Gensler has been deflecting questions about crypto lawsuits by emphasizing that decisions are made collectively by all SEC Commissioners rather than unilaterally. This marks a departure from his previous aggressive anti-crypto statements. During a Congressional hearing, Gensler clarified that the determination regarding multiple spot Bitcoin ETFs would involve input from all SEC Commissioners.

Hot Take: Gensler’s Evolving Stance on Crypto Lawsuits

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Chair Gary Gensler’s recent silence on the Ripple XRP lawsuit and acknowledgment of setbacks indicate a shift in his approach to crypto lawsuits. While he has maintained an overall anti-crypto position, he now emphasizes collective decision-making within the SEC. This change could have implications for future rulings and regulatory actions related to cryptocurrencies.

Author – Contributor at | Website

Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension. Guiding both intrepid trailblazers and curious newcomers, Gapster’s insights serve as a compass for well-informed decision-making amidst the ever-evolving currents of cryptocurrencies. With the artistry of a linguistic craftsman, they craft narratives that enrich the evolving tapestry of the crypto landscape.