According to CoinDesk, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said at an event on Monday that he was disappointed with the district court's ruling on retail investors in the Ripple case, but was still paying attention to and evaluating this view. On the other hand, he was satisfied with the part that determined that institutional sales violated federal securities laws.
When asked what else the SEC needs to see before it can feel confident in a bitcoin spot ETF, Gensler declined to answer, citing ongoing litigation and the fact that he, as SEC chairman, should not prejudge various applications.
In addition, according to The Block, Gensler said in an interview that it is "too early" to determine whether the SEC will draft more rules targeting cryptocurrencies after a federal judge ruled on the SEC's lawsuit against Ripple last week.
He said the SEC has proposed rule changes applicable to digital assets during his tenure. “There are already rules in the law regarding the definition of securities exchanges, brokers and investment advisers. Those rules do exist. We have also proposed or even adopted rules on brokers, which is called special purpose brokers. We have also proposed rules on asset protection, so we have done some work, but again, we will continue to consider it.”