Gary Gensler Freezes During Interview Question On XRP Lawsuit

Gary Gensler Freezes During Interview Question On XRP Lawsuit

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler faced an awkward moment during an interview when he was asked about the recent rulings in crypto lawsuits. The SEC Chair has been particularly silent on matters related to Ripple XRP lawsuit, in the recent few months.

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Gary Gensler Response On XRP Lawsuit Ruling

During an interview with Better Markets, Gensler was asked about the SEC’s recent court losses to Ripple and Grayscale. Initially, Gensler reiterated his anti-crypto stance by saying the crypto industry “runs past the law.” In response, the interviewer said the crypto companies (Ripple and Grayscale) seem to be finding some sympathetic judges. This led to Gensler’s awkward silence thereafter, in apparent acknowledgment of the two setbacks in the Court.

Thanks to the Grayscale lawsuit ruling to grant the company’s motion to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, the spot ETF applications by the likes of Blackrock, Fidelity and Bitwise could be getting a decision sooner than anticipated. Earlier, CoinGape reported Gary Gensler comment that the SEC was yet to take a decision on the court order related to Grayscale, when quizzed about it during a Congressional hearing before the US Senate Committee on Banking, Housing, and Urban Affairs.

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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