Gary Gensler’s Bitcoin Regulation Grab
— Including bitcoin, Spot, Agnostic, Grab, Regulatory eye, Best way, Risk, Process, Blockade, Evolving — 1 min read
Securities and Exchange Commission Chairman Gary Gensler has his regulatory eye on cryptocurrency markets. The agency has blocked spot bitcoin exchange-traded products, or ETPs. The SEC is agnostic on crypto, including bitcoin, as long as investors are willing to invest at their own risk, he says. But the market is evolving and financial firms want to serve investors who like the innovation, he adds. We’re agnostic to bitcoin, including Bitcoin, but we’d like to see the market evolve, he said, but it’s evolving and the market needs to be open to investors who want to invest in it, he added. Inventors have taken big losses recently, but the market continues to evolve. Source