jakiro
Author: jesse hamilton; compile: white water, bit chain vision world
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Gary Gensler, chairman of the US Securities and Exchange Commission, said that Ethereum ETF has actually been approved, and the rest is to finalize the registration details at the employee level.
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Gensler reiterated his complaints on the non -compliant cryptocurrency industry, refused to answer whether ETH was a product, and argued that CFTC was not ready to regulate the cryptocurrency market.
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Rostin Behnam, chairman of the Commodity Futures Trading Commission, also talked about the agency’s efforts to prohibit forecasting market election contracts.
Gary Gensler, chairman of the US Securities and Exchange Commission, told Senators at a budget hearing on Thursday that the final approval of the Ethereum Ethereum ETF should be completed this summer.
At a hearing for the budget defense of the market regulatory agency, Gensler told the Senate appropriation committee’s group committee to make a “progressive progress” process after a group of ETFs were initially approved.The agency has previously approved the first round of applications, but he said that the final registration requirement-the so-called S-1 file-is now handled at the “staff level”.
Once these documents are approved, the new ETF can go to the market. It opens a wider market for easy trading funds holding the actual Ethereum, just like the Bitcoin spot ETF held earlier.The SEC initially prevented the application of Bitcoin ETF until the federal court ruled that the agency was not handled properly, and Gensler said that SEC has been following this decision and allowing them.
When he was directly asked if ETH was a commodity, Gensler did not answer it or not, but maintained its institution’s uncertain position on the asset.At the same hearing, when asked if it was a commodity, Rostein Benham, chairman of the Commodity Futures Trading Council (CFTC), replied, “Yes.”
This problem is important when trying to find institutions that are suitable for the United States to supervise various tokens.The US Securities and Exchange Commission will regulate securities tokens, and the US Commodity Futures Commission will have regulatory rights to the remaining tokens.Although Gensler has repeatedly stated that most digital assets should be regarded as securities, he refused to point out which assets are suitable for which baskets of assets except the institutions are listed in law enforcement operations.
“Although not all cryptocurrencies are encrypted securities -some of the jurisdictions belonging to the chairman BehnaM -but those cryptocurrencies belonging to cryptocurrencies are obliged to disclose to the public,” Gensler said.The currency has not been registered and violated the securities law.
Gensler, who has served as the chairman of these two institutions, said the industry is “contempt”.He also said that CFTC has not yet made full preparations for supervision based on the disclosure supervision system, because unlike the SEC, it does not do this.
Behnam pointed out,If CFTC assumes more responsibilities to regulate cryptocurrency transactions (the legislative efforts of Congress will definitely request), then it still lacks some necessary power to regulate the cryptocurrency market.
“We don’t have those traditional supervision tools -registering, custody, monitoring, and supervision -These tools really make the US capital market and derivative market so powerful,” he said, and added that CFTC needs greater budget to achieve thisTarget.
Behnam was also asked about the popular prediction markets such as Predictit, Polymarket, Zeitgeist, and Kalshi, as well as the position of contracts against predictive elections.His institutions have recently taken action to prevent such contracts.
“What we do not need now is to commercialize the election,”Behnam said.”In my opinion, this obviously violates the current law. We are taking measures to ensure that they are prohibited.”
