Galaxy Digital Holdings Ltd T.GLXY

SEC Chair Thinks Crypto Regulation Will Bring Adoption

[Pucci1989]

https://cryptobriefing.com/sec-chair-gensler-thinks-crypto-regulation-will-bring-adoption/

“While I’m neutral on the technology, even intrigued—I spent three years teaching it, leaning into it—I’m not neutral about investor protection… If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.”

“It’s only with bringing things inside—and sort of clearly within our public policy goals—that a technology has a chance of broader adoption.”

Another issue onlookers hoped Gensler would provide insight on is the approval of the first Bitcoin ETF in America. At least nine companies have filed applications with the SEC for a Bitcoin ETF, including major players such as Galaxy Digital Holdings Ltd. and Fidelity Investments. Although Gensler has spoken positively about cryptocurrency ETFs previously, he declined to comment on the progress of a decision.