Gary Gensler responds to previous "avoiding calls from the crypto industry": he is "fully compliant" with the law

ChainCatcher news, SEC Chairman Gary Gensler responded to previous calls from the crypto industry for him to recuse himself from making certain crypto-related decisions, stating that he "fully complies" with the law.

Gary Gensler said, "I, along with my fellow commissioners, have sworn to enforce the laws passed by Congress and how the courts interpret those laws. This is fundamentally about protecting the investing public and carefully examining the facts and circumstances of each token and platform." Additionally, Gensler added, "I am very aware of my ethical responsibilities."

Gensler declined to disclose specific ETF filing statuses, believing they tend to operate a series of conflicting services, and pointed out that this is one of the reasons for taking enforcement action against Coinbase. He also warned that crypto platforms have limitations in monitoring wash trading, which is a form of market manipulation. Due to concerns over the lack of transparency in Bitcoin trading and potential market manipulation, the SEC has rejected multiple applications for spot Bitcoin ETFs. (source link)