Today two important people to the crypto community expressed what Gary Gensler could mean for the crypto market, especially as chairman of the SEC.
Could crypto regulation come to America soon?
Regulators in the United States are probably among the most skeptical in the world, but things could be about to change.
During an interview with the Thinking Crypto podcast, Hester Peirce, known as “Crypto Mom” reflected on the approach that the United States has taken towards the crypto market. Therefore, he assured that he thinks they have lost the boat a bit, «and I think a big part of that comes from the lack of clarity in our rules».
On several occasions, Peirce has promoted a crypto regulation that aims to boost the market instead of suffocating it. However, the SEC has been practically indifferent about it.
Therefore, Peirce commented as follows: ‘Am I optimistic that we will finally get to the point where we will provide more clarity? I think we have a good chance. We are probably about to get a new president, Gary Gensler… if confirmed and made to the SEC, it will bring with it a very deep understanding of this asset class».
Why could Gensler be key? Well, because he knows the crypto market. In fact, he has offered courses on Blockchain at MIT and therefore knows the potential of the industry.
But, in addition to Peirce, Anthony Scaramucci, co-founder of Skybridge Capital, hopes that «with Gary Gensler’s introduction now into the regulatory rubric, and my understanding of where he’s coming from, though I don’t know personally, is that we can possibly get an ETF by the end of the year“According to Decrypt.
It is worth remembering that the skepticism that governed the SEC regarding the crypto market prevented the approval of a Bitcoin ETF on multiple occasions. Could things in the crypto market be about to change for the better thanks to Gary Gensler?
American Residential Warranty invests in Bitcoin
According to a statement, American Residential Warranty (ARW) has strategically decided to invest in the leading crypto.
So, according to the statement, he has opted for custody offered by crypto exchange Gemini. In addition, according to the firm, the goal is to expand its portfolio options and increase cash returns.
But, in addition to that, the firm has chosen to start accepting crypto as a payment option for homeowners.
Former US Senator Boards Crypto Exchange Binance Boat
Binance, the world’s largest crypto exchange by trading volume, has decided to join its team with Max Baucus, a former United States senator.
According to the Binance press release, Baucus will be an advisor on policy and government relations. Therefore, the goal is for the former senator to help grow the exchange and the crypto ecosystem in the United States.
«It is a privilege to help properly navigate the complex policy and regulatory frameworks that are the key to enabling wider adoption.“He said in a press release.
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