Gary Gensler Spills the Beans on SEC’s Take on the Federal Court’s Rejection of New Regulation and Controversy Related to the Delay in ETH ETFs

Gary Gensler，在最近接受彭博社采访时，透露了美国证券交易委员会对联邦法院驳回新法规和争议的看法。

The US Securities and Exchange Commission (SEC) has been facing heat over the delay in approving Ether (ETH)-based exchange-traded funds (ETFs) and the recent setback in a federal court regarding a new regulation. In his latest interview with Bloomberg, SEC Chair Gary Gensler has shed some light on these pressing matters.

Federal Court Rejects SEC Regulation

Earlier this month, a three-judge panel from the 5th US Circuit Court of Appeals in New Orleans ruled against a new SEC regulation that aimed to force hedge funds and private equity firms to disclose more information about their fees and expenses to investors. The court decided that the SEC overstepped its authority in imposing this regulation.

Gensler's Response to Court Ruling

During an interview at the Bloomberg Invest event in New York, Gensler addressed the court's ruling and highlighted the importance of adhering to legal boundaries and court interpretations. “We do everything within the law and how courts interpret the law,” Gensler stated. He also mentioned that the agency might adjust its approach following the court's decision. Emphasizing the SEC's goal to ensure transparency for investors, Gensler said, “At the core, what we were seeking to achieve as a commission was greater transparency to investors, not to the public, but the investors in these funds.”

Ether-based ETF Applications Update

Regarding the SEC's review of applications for US ETFs that would directly invest in the Ether token, Gensler provided an update, stating that the process was “proceeding smoothly.” However, he did not specify a timeline for a final decision. Several companies, including VanEck, ARK Investment Management, BlackRock Inc., and Fidelity Investments, are awaiting approval for their Ether-based ETFs.

Meanwhile, the review of applications for Ether-based ETFs continues without any major reported hurdles, suggesting a potential green light in the near future. With this news, Ethereum's price experienced a surge, rising to $3,412 after a 3.26% increase over the last 24 hours.

In other related news, US Congressman Matt Gaetz has recently proposed a bill that would allow taxpayers to use Bitcoin (BTC) to settle their federal tax liabilities. The bill, titled the Tax Freedom Act, aims to integrate cryptocurrencies into the US tax system.

The above is the detailed content of Gary Gensler Spills the Beans on SEC’s Take on the Federal Court’s Rejection of New Regulation and Controversy Related to the Delay in ETH ETFs. For more information, please follow other related articles on the PHP Chinese website!