Securities and Exchange Commission Chair Gary Gensler pushed back on calls from the crypto industry to recuse himself from making certain crypto-related decisions and said he is “fully compliant.”
he was “well aware” of “ethical responsibilities,” when asked Wednesday for his response about the crypto industry calling him to recuse himself from making certain crypto-related decisions.
“I take an oath, along with my fellow commissioners, to enforce the law that Congress passed and how the courts interpret it,” Gensler said during a media availability following a commission meeting related to rulemaking on money market funds and broker-dealers on Wednesday. “It really comes down to protecting the investing public and looking through the facts and the circumstances of each of the individual tokens and the platforms themselves.
“His steadfast view that all digital assets except bitcoin are securities means that he cannot approach enforcement decisions with a fair and impartial mind,” Chervinsky wrote.to investigate the recent granting of a special purpose broker-dealer license to Prometheum, a company whose co-CEO maintains that crypto should fit within current securities laws, in contradiction to much of the industry.A number of firms vying for the first spot bitcoin exchange-traded fund in the U.S.
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