SEC chair doubles down on crypto stance under threat of Trump ousting
Gary Gensler did not say he would leave the SEC before Donald Trump took office but pointed to the commission’s record on crypto enforcement and approving ETFs.
United States Securities and Exchange Commission Chair Gary Gensler, potentially only weeks away from being removed by President-elect Donald Trump, has reiterated his position on crypto policy and enforcement.
In prepared remarks for a Nov. 14 speech at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler said his focus for digital assets while leading the commission was having parties “register and give proper disclosure to the public” for roughly 10,000 tokens considered securities.
He also pointed to the SEC’s record of approving spot Bitcoin (BTC) exchange-traded funds and BTC futures investment vehicles under his watch but suggested that some crypto firms had not followed “common-sense rules of the road.”
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Author: Turner Wright
