SEC Chairman Gary Genslerโs recent crypto warnings coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny.
SEC Chairman Gary Gensler recently delivered a series of warnings through a Twitter thread, urging potential investors in crypto assets to be mindful of the risks and regulatory landscape.
In his thread, Gensler stated, โThose offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws.โ He emphasized that investors in crypto asset securities might be deprived of key information and essential protections.
While Genslerโs thread did not explicitly address the pending Bitcoin ETF proposals, its timing raised eyebrows in the crypto community. This came just hours after major asset managers, including BlackRock, ARK 21Shares, VanEck, and others, filed amended S-1 forms, seen as a potential final move before SEC approval.
The SECโs decision hinges on amended 19b-4 forms filed by exchanges like Nasdaq, NYSE, and CBOE. If approved, trading can commence parallel with the effectiveness of the S-1 forms. A decision is anticipated in the coming days, notably due to the Jan. 10 deadline for the SECโs response to applications such as Cathie Woodโs ARK Investment and 21Shares.
Despite the speculation surrounding the imminent decision, Genslerโs recent comments did not offer any explicit insights into his stance on Bitcoin ETFs. Many on X assume that Genslerโs warning of investing in crypto could mean that the Bitcoin ETFs will be approved very soon.
