Summary

Top Highlights

• United States Securities and Exchange Commission (SEC) Chair Gary Gensler found himself criticizing the crypto industry on live television yet again on Wednesday—but this time, the regulator appeared to use markedly softer language as he was asked about potential crypto ETFs ahead.
• Gary Gensler Is Now Being Asked About Bonk ETFs Following Ethereum Approvals SEC Chair Gary Gensler took a less hostile approach to crypto in a new interview following Ethereum ETF approvals—and was asked what's next.
• “These tokens… have not given you the proper disclosures you not only need to make your investment decisions, but also that are required by the law,” Gensler said on CNBC when questioned by Jim Cramer about a slew of successful cryptocurrencies listed by the television personality.  While Gensler’s tone was undeniably critical, his implication tha...
• His apparent change in rhetoric comes just weeks after the SEC, in an eleventh-hour about-face, abruptly approved the trading of spot Ethereum ETFs on Wall Street. For months, such an outcome appeared increasingly unlikely, given recent allegations that the SEC has internally considered Ethereum to be an illegally unregistered security for over a y...
• In addition to crypto tokens, Gensler also criticized crypto exchanges from the floor of the New York Stock Exchange.  “These crypto exchanges are doing things we would never allow this New York Stock Exchange to do,” Gensler said. “Our laws don’t allow you to trade against your customers.”

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