{"id":88263,"date":"2023-12-14T14:50:09","date_gmt":"2023-12-14T12:50:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88263"},"modified":"2025-09-13T16:55:18","modified_gmt":"2025-09-13T13:55:18","slug":"sec-chair-declines-to-discuss-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-chair-declines-to-discuss-bitcoin-etf\/","title":{"rendered":"SEC chair declines to discuss Bitcoin ETF"},"content":{"rendered":"<p>The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, rejected a Bloomberg Television reporter&#8217;s question regarding the current status of applications to launch spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Gensler did not want to talk about <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> or Crypto with <a href=\"https:\/\/twitter.com\/kaileyleinz?ref_src=twsrc%5Etfw\">@kaileyleinz<\/a> today after their meeting where the SEC made changes to the treasury markets haha (admittedly he does have a point but Kailey focused on treasuries for 5 minutes before this question lol) <a href=\"https:\/\/t.co\/Ll9uCGJYEX\">pic.twitter.com\/Ll9uCGJYEX<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/1735005011254387146?ref_src=twsrc%5Etfw\">December 13, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In an interview after a meeting of the agency on changes in the Treasury markets, the SEC chairman said:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThe $26 trillion Treasury market is, in fact, the foundation of all our capital markets. This is how the government is financed, the <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">\u0424\u0420\u0421<\/span> conducts monetary policy, and we support the dollar&#8217;s global dominance. And you want to ask me about crypto? Those are your priorities?\u00bb<\/p>\n<\/blockquote>\n<p>Gensler added that cryptocurrencies are not only less significant but have harmed many investors.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThey do not comply with not only securities laws but a host of other rules as well\u00bb, \u2014 the official concluded.<\/p>\n<\/blockquote>\n<p>The Bloomberg analyst James Seyffart conceded that Gensler \u201cwasn&#8217;t entirely wrong in his monologue.\u201d However, before the cryptocurrency question, the journalist spent about five minutes discussing the panel&#8217;s topic and could have expected an answer, the expert noted.<\/p>\n<p>More than a dozen proposals for registering exchange-traded funds based on the spot price of bitcoin are under SEC review. Among the applicants are BlackRock, Grayscale, Franklin Templeton and Fidelity, whose representatives in early December <a href=\"https:\/\/forklog.com\/en\/news\/sec-weighs-spot-bitcoin-etf-launches-with-several-issuers\">continued discussions<\/a> of potential product launches with the regulator. The process <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-and-sec-discuss-redemption-mechanics-for-a-bitcoin-etf\">began in November<\/a> and, according to experts, <a href=\"https:\/\/forklog.com\/en\/news\/reuters-reports-active-sec-talks-with-bitcoin-etf-issuers\">has entered the final stage<\/a>.<\/p>\n<p>Earlier, Gensler repeatedly stated that cryptocurrencies <a href=\"https:\/\/forklog.com\/en\/news\/gensler-backs-secs-push-to-regulate-the-bitcoin-industry\">are securities<\/a> and should be regulated by the SEC. Rostin Behnam, head of the U.S. Commodity Futures Trading Commission, <a href=\"https:\/\/forklog.com\/en\/news\/cftc-chief-says-most-cryptocurrencies-are-commodities\">considers<\/a> the majority of digital assets as commodities.<\/p>\n<p>As the SEC chair has stated, the global economy <a href=\"https:\/\/forklog.com\/en\/news\/gensler-questions-the-need-for-cryptocurrencies\">does not need<\/a> cryptocurrencies, and they could <a href=\"https:\/\/forklog.com\/en\/news\/sec-chair-warns-of-harm-to-the-economy-from-cryptocurrencies\">harm it<\/a>. He <a href=\"https:\/\/forklog.com\/en\/news\/gary-gensler-again-flags-widespread-fraud-in-the-crypto-industry\">described<\/a> the digital-asset industry as a total fraud, scams and other wrongdoing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, rejected a Bloomberg Television reporter&#8217;s question regarding the current status of applications to launch spot bitcoin-{{AOPEN_1}}ETF{{ACLOSE_1}}.<\/p>\n","protected":false},"author":1,"featured_media":88264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1181,128],"class_list":["post-88263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-gary-gensler","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88263"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88263\/revisions"}],"predecessor-version":[{"id":88265,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88263\/revisions\/88265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88264"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}