Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
U.S. Securities and Exchange Commission Chairman Gary Gensler declined to outline any of the agency’s plans for spot bitcoin exchange traded funds on Wednesday, though his SEC must now decide how to proceed after the courts demanded it erase its objection to Grayscale Investments’ application.
When asked to give any indications on timing or the order applications might be considered, Gensler demurred. Gensler also declined on Wednesday to comment on other court cases his agency is pursuing against crypto firms. The chairman came to the event to make a speech about SEC enforcement, and those remarks were heavily threaded with criticisms of the crypto industry that he said -- in a frequently repeated phrase -- is"rife with non-compliance." And when it came time to take questions, the moderator began with that topic, to which Gensler addressed how much crypto has become a consuming subject despite its relative scale.
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