SEC’s Gensler Does Not Want to Discuss Bitcoin ETFs

During an interview following a meeting on changes in the treasury bond market, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, was asked about the current status of applications for spot Bitcoin ETFs by a Bloomberg Television reporter.

Gensler dismissed the question and stated that the $26 trillion treasury bond market is the foundation of all capital markets and plays a crucial role in government financing, monetary policy, and the dominance of the US dollar.

He then questioned the reporter’s priorities in asking about crypto before adding that cryptocurrencies not only have less value, but have also caused harm to many investors.

The SEC chairman emphasized that these digital assets do not comply with securities laws and other regulations.