The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler, recently made dismissive remarks regarding spot Bitcoin exchange-traded funds (ETFs) in a conversation with Bloomberg. Although the SEC has introduced new rules aimed at reducing risk in the U.S. Treasury market, Gensler downplayed the significance of crypto ETFs in comparison. Gensler highlighted the importance of
Regulation
The rapidly evolving cryptocurrency market has raised concerns about the lack of precise regulation in the digital asset space. Chairman Rostin Behnam of the Commodities Futures Trading Commission (CFTC) believes that most cryptocurrencies should be classified as commodities under existing laws, highlighting the need for updated regulatory frameworks to accommodate technological advancements. Chairman Behnam’s call