Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’

United States News News

Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’
United States Latest News,United States Headlines
  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Crypto Blog

SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time.

However, Gensler soon turned his attention to the broader cryptocurrency market with a more critical perspective. He slammed the widespread unethical practices within crypto exchanges, stressing that the market is still plagued by fraud and manipulation. Referencing recent high-profile failures like FTX and Celsius Network, Gensler stated that such illegal activities remain a big problem in the crypto market. He reaffirmed the SEC’s dedication to upholding market integrity through ongoing enforcement measures and highlighted the agency’s role as a civil law enforcement agency.While acknowledging some positive steps in regulation, Gensler voiced serious concerns about the inadequate disclosure and regulation in the cryptocurrency industry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC's Gensler Pushes Back Against House Bill; Crypto Exchanges Form Coalition to Tackle ScamsSEC's Gensler Pushes Back Against House Bill; Crypto Exchanges Form Coalition to Tackle Scams'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as SEC Chair Gary Gensler pushes back against the FIT21 bill hours before a planned vote on Wednesday, saying that the bill “would create new regulatory gaps.
Read more »

SEC Chair Gary Gensler says disclosures not enough to protect crypto exchangesSEC Chair Gary Gensler says disclosures not enough to protect crypto exchangesThe SEC's Gensler said crypto exchanges that issue disclosures are not immune to the federal agency's enforcement actions.
Read more »

Exclusive — Whip Tom Emmer: Pro-Crypto Lawmakers Beating Anti-Crypto ‘Dinosaurs,’ ‘Kleptomaniac Bureaucrats Like Gary Gensler’Exclusive — Whip Tom Emmer: Pro-Crypto Lawmakers Beating Anti-Crypto ‘Dinosaurs,’ ‘Kleptomaniac Bureaucrats Like Gary Gensler’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »

SEC’s Gary Gensler is getting irked being asked about cryptoSEC Chair Gary Gensler thinks he’s asked too many questions about crypto compared to how small the market is.
Read more »

SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Read more »

SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets OversightSEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets OversightNikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Read more »



Render Time: 2025-02-22 06:54:56