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Gensler said that the SEC has been inconsistent in identifying approvals for Bitcoin ETF during a panel at the 2019 MIT Bitcoin Expo.
Gary Gensler, in a video circulating on social media recently, discussed blockchain regulations in an interview he had with Securities and Exchange Commission (SEC) commissioner Hester Peirce at the 2019 MIT Bitcoin Expo.
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Gensler, in this discussion, said “There will be Bitcoin futures and I think Ethereum futures and the like, there are no Bitcoin ETFs, and this seems a bit inconsistent to me, even if the laws are not exactly the same, they look quite similar.”
Gensler, particularly, expressed that the non-approval of Bitcoin ETFs, despite the existence of other financial products like Bitcoin futures and Ethereum futures, was inconsistent.
Gary Gensler, with these sentences, emphasized the uncertainty regarding the integration of cryptocurrencies and blockchain technology with financial regulations.
Thanks to this interview, important questions about the future direction of the financial world were raised, and the difficulties encountered in regulating crypto assets were highlighted.
Gary, in one of his speeches, had said that the United States securities regulator was also “inconsistent” in identifying Bitcoin.
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