What are Gary Gensler's views on Bitcoin ETF?

3 answers

• Chester LiFeb 07, 2023 · 2 years ago
  Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), has expressed concerns about the lack of investor protection in the cryptocurrency market. He has stated that the SEC's primary focus is to ensure the safety of investors and maintain fair and orderly markets. Regarding Bitcoin ETFs, Gensler has emphasized the need for robust market surveillance and regulatory oversight to prevent fraud and manipulation. He has also highlighted the importance of addressing issues such as custody, market manipulation, and investor protection before approving any Bitcoin ETF proposals. Gensler's views reflect a cautious approach towards cryptocurrency regulation and a desire to establish a secure and transparent market environment for investors.
  774

  387
• udem udemyJan 20, 2025 · 6 months ago
  When it comes to Bitcoin ETFs, Gary Gensler has expressed the need for stronger investor protection measures. He believes that the cryptocurrency market is prone to manipulation and fraud, and therefore, any Bitcoin ETF proposal should address these concerns. Gensler has emphasized the importance of market surveillance and regulatory oversight to ensure fair and orderly markets. He has also highlighted the need for proper custody solutions and investor education to mitigate risks associated with Bitcoin ETFs. Overall, Gensler's views suggest a cautious approach towards approving Bitcoin ETFs, with a focus on investor protection and market integrity.
  657

  219
• Cedric DrappMay 26, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can say that Gary Gensler's views on Bitcoin ETFs align with the need for increased regulatory oversight. The SEC has been cautious in approving Bitcoin ETFs due to concerns about market manipulation and investor protection. Gensler's emphasis on market surveillance and addressing key issues such as custody and manipulation reflects a commitment to creating a secure and transparent market environment. It is important for investors to understand the risks associated with Bitcoin ETFs and for regulators to establish robust regulatory frameworks to protect investors' interests.
  628

  157