Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

U.S. Securities and Exchange Commission chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin exchange-traded products following a recent Grayscale court decision.

Speaking to CNBC on Dec. 14, Gary Gensler was questioned about the long list of pending spot Bitcoin ETF applications. He

In a separate interview with Bloomberg’s Kailey Leinz on Dec. 14, Gensler also sidestepped questions regarding the number of filings for spot Bitcoin products. Instead, he spoke about recent changes to the U.S. treasury market as the focus of the agency’s priorities.

In response to this interview on X, U.S. Congressman Bryan Steil commented:

“Chair Gary Gensler obfuscates on crypto with the press like he does at committee hearings. He does not want to explain his agency’s aggressive regulatory approach which is pushing crypto offshore.”

“Gensler very rarely gives clear answers! He’s a master at hedging his words,” opined Bloomberg ETF analyst James Seyffart.

Chair @GaryGensler obfuscates on crypto with the press like he does at committee hearings. He does not want to explain his agency’s aggressive regulatory approach which is pushing crypto offshore. https://t.co/YdQFN42jmK

— Bryan Steil (@RepBryanSteil) December 13, 2023