TechFlow reports that SEC Chair Gary Gensler expressed disappointment over the district court's ruling in the Ripple case regarding retail investors, though he is still evaluating this view. However, he said he was satisfied with the part of the ruling determining that institutional sales violated federal securities laws.
When asked whether he was confident about spot Bitcoin ETFs, Gensler declined to answer, stating that ongoing litigation and his role as SEC Chair require him not to pre-judge various applications.
In addition, according to The Block, Gensler said in an interview that it is too early to say whether the SEC will draft more rules targeting cryptocurrencies. He noted that the SEC has already proposed rule changes applicable to digital assets during his tenure, including redefining terms related to securities exchanges, brokers, and investment advisers, as well as provisions concerning special purpose brokers and asset safeguarding. He emphasized that the SEC will continue to consider these matters.
