Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»SEC Chairman Gary Gensler Doesn’t Want to Talk About ‘Cryptocurrency Securities’
ADOPTION NEWS

SEC Chairman Gary Gensler Doesn’t Want to Talk About ‘Cryptocurrency Securities’

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Chairman Gary Gensler Doesn’t Want to Talk About ‘Cryptocurrency Securities’
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Securities and Exchange Commission Chairman Gary Gensler seemed unwilling to talk about cryptocurrencies after a meeting focused on the U.S. Treasury market on Wednesday, declining a reporter’s questions about the status of various applications for a spot Bitcoin ETF.

“The $26 trillion Treasury market is actually the foundation of our entire capital markets. This is how we fund the government. This is how the Federal Reserve conducts monetary policy. This is how we maintain dollar dominance around the world. That’s the way to do it. And you want to ask me, what about cryptocurrency?” Gensler said: interview Answers to questions about in-kind funds from Bloomberg Television.

“What are your priorities?” He continued. “The U.S. Treasury market is a very important, important market. Cryptocurrency securities are not only much smaller, but it is not the way to fund the government. It is not the way to conduct monetary policy. And for many investors, that has hurt them. .the market. And we’re being harmed by too much non-compliance. It’s not just securities law violations, it’s violation of other laws as well.”

The SEC is currently reviewing more than a dozen applications from big asset management firms including BlackRock and Fidelity for what would be the country’s first spot Bitcoin fund. The price of the world’s largest cryptocurrency by market capitalization has surged in recent months as analysts speculate a decision could be nearing.

Bitcoin soars amid expectations

Bitcoin BTC

+3.70%
According to , it currently accounts for about $838 billion of the total cryptocurrency market capitalization of about $1.7 trillion. Block data. Its price rose 4.1% on Wednesday, trading at $42,802 at 2:45 PM ET.

In comments last month, Gensler remained silent when asked about the ongoing review process for Bitcoin discovery spot, saying he did not want to “prejudge” the issue. He previously called the agency’s review process “time-tested.”

The SEC has been meeting with some potential issuers over the past few weeks to discuss technical details of the proposed redemption process.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Nathan Crooks is the US editor-in-chief of The Block, based in Miami. He previously worked at Bloomberg News for 12 years, serving as breaking news editor and bureau chief in Caracas, Venezuela, before leading coverage of South Florida. He has interviewed presidents, government ministers, and CEOs, and in addition to cryptocurrencies, he has covered major news events in the field ranging from earthquakes, hurricanes, and the 2018 Chilean mine rescue. A native of Clarion, Pennsylvania, Nathan earned his bachelor’s degree from the university. He earned a specialist degree in political science from Toronto and an MBA from the American University in Washington, DC.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025
Most Popular

Crisis-hit Binance founder Changpeng Zhao launches ‘Giggle Academy’

March 19, 2024

Devcon: What are your future plans | Ethereum Foundation Blog

February 11, 2024

Japanese e-commerce giant Mercari plans to accept BTC payments: Report

January 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.