Gary Gensler, the Chairman of the SEC, faced the Senate Banking Committee and discussed various topics including artificial intelligence and actions against the cryptocurrency industry. Gensler maintained that the SEC should monitor the crypto market but did not directly address the question of spot ETF approvals for crypto. When asked about spot ETF filings, he mentioned that multiple filings were under review and he looked forward to the Staff’s recommendation. However, his avoidance of directly answering the question added to the frustration of the community.
AI Sentiment: Negative