Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund.
"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler.
Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee.
“Chairman Gensler’s failure to provide clear rules of the road for cryptocurrencies underscores the need for Congress to act," said Senator Pat Toomey.
Following Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than a BTC futures product.
Coinbase posted total net revenue of $1.235 billion in Q3 falling 30% short of FactSet estimates of $1.614 billion.