Gary Gensler confirms support for Bitcoin ETF futures
U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler has offered some positive updates on exchange-traded crypto funds (ETFs). Presentation at the Future of North American Asset Management Conference, Gensler called There is an option for Bitcoin ETFs based on futures contracts.
Gary Gensler – Chairman of the SEC
Gensler stressed that this was his own view and not on behalf of the SEC. He noted that the agency is also keeping an eye on new technologies and practices, including cryptocurrencies, and needs to evolve with them.
After reviewing several unrelated developments in the crypto market, Gensler will be the last to look at investment vehicles that allow exposure to crypto assets. He highlighted the large number of mutual funds that have invested in Chicago Mercantile Exchange (CME) bitcoin futures and believes that investment laws combined with federal securities laws can protect homes over the years.
Gensler and the SEC are no strangers to such investment vehicles as the agency piles up ETF filings pending a decision. The general opinion is that the US authorities are preparing a regulatory framework under which the SEC will make a decision. During his speech, Gensler said the staff will review the records of crypto ETFs based on futures contracts.
The US is about to announce crypto regulation
Cryptocurrency ETFs can move the market a lot as they allow exposure to the asset class without investing in it directly. There are many private investors who have not made an investment decision due to a lack of technical knowledge. While stock exchanges and financial institutions are making it easier than ever to invest capital in cryptocurrencies, it is still confusing for many people.
However, Gensler and others are concerned about exposure to a volatile market that has the potential for market manipulation. In particular, Gensler reiterated the importance of investor protection, thereby increasing the focus on regulation.
The United States is about to announce regulation for the crypto market, which is raising skepticism. Stablecoins appear to be the main concern, and the U.S. Treasury Department is leading the indictment.
Whether Gensler is really as active in cryptocurrency and innovation as he says remains to be seen. Currently, crypto investors consider him a nuisance. This is clearly evident in the SEC’s lawsuit against Ripple. The agency also launched an investigation against Uniswap in September this year.
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Gary Gensler confirms support for Bitcoin ETF futures
U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler has offered some positive updates on exchange-traded crypto funds (ETFs). Presentation at the Future of North American Asset Management Conference, Gensler called There is an option for Bitcoin ETFs based on futures contracts.
Gary Gensler – Chairman of the SEC
Gensler stressed that this was his own view and not on behalf of the SEC. He noted that the agency is also keeping an eye on new technologies and practices, including cryptocurrencies, and needs to evolve with them.
After reviewing several unrelated developments in the crypto market, Gensler will be the last to look at investment vehicles that allow exposure to crypto assets. He highlighted the large number of mutual funds that have invested in Chicago Mercantile Exchange (CME) bitcoin futures and believes that investment laws combined with federal securities laws can protect homes over the years.
Gensler and the SEC are no strangers to such investment vehicles as the agency piles up ETF filings pending a decision. The general opinion is that the US authorities are preparing a regulatory framework under which the SEC will make a decision. During his speech, Gensler said the staff will review the records of crypto ETFs based on futures contracts.
The US is about to announce crypto regulation
Cryptocurrency ETFs can move the market a lot as they allow exposure to the asset class without investing in it directly. There are many private investors who have not made an investment decision due to a lack of technical knowledge. While stock exchanges and financial institutions are making it easier than ever to invest capital in cryptocurrencies, it is still confusing for many people.
However, Gensler and others are concerned about exposure to a volatile market that has the potential for market manipulation. In particular, Gensler reiterated the importance of investor protection, thereby increasing the focus on regulation.
The United States is about to announce regulation for the crypto market, which is raising skepticism. Stablecoins appear to be the main concern, and the U.S. Treasury Department is leading the indictment.
Whether Gensler is really as active in cryptocurrency and innovation as he says remains to be seen. Currently, crypto investors consider him a nuisance. This is clearly evident in the SEC’s lawsuit against Ripple. The agency also launched an investigation against Uniswap in September this year.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Mr. Teacher
According to BeinCrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Â
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