#SECCryptoRegulation #gensler
Investment bank TD Cowen's research group noted that the latest approval of #Ethereum #ETFs✅ is an expected development following the approval of #Bitcoin❗ ETFs earlier this year.

The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.

“After the SEC approved crypto futures ETFs, this decision was inevitable,” Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a “basket of crypto tokens” within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.

However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a “highly critical” statement opposing the adoption of crypto legislation that could diminish his agency's power.
Investment bank TD Cowen's research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year.

The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.

“After the SEC approved crypto futures ETFs, this decision was inevitable,” Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a “basket of crypto tokens” within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.

However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a “highly critical” statement opposing the adoption of crypto legislation that could diminish his agency's power.
Gensler said:

“The crypto industry's track record of failures, scams, and bankruptcies is not because we don't have rules, or because the rules are unclear.

“This is because many investors in the crypto industry do not play by the rules.”

Despite potential setbacks for Gensler's agency, TD Cowen predicts the SEC will maintain its Democratic majority through 2026. The research group expects the agency to continue taking action against crypto trading platforms that trade tokens believed to be unregistered securities.

Is Gary Gensler on the Verge of Being Fired? What This Could Mean for the Crypto Market
Rumors are swirling around the fate of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, as some donors reportedly pressure Vice President Kamala Harris to push for his removal, according to Bloomberg. The question on everyone’s mind: Is it possible Gensler could be fired in the coming days? If so, what impact would this have on the crypto market?

Gensler has been a polarizing figure, particularly within the cryptocurrency space. Since taking office, he has aggressively pursued regulatory actions against numerous crypto firms, including high-profile lawsuits against major exchanges like Binance and Coinbase. His stance has been seen as a heavy-handed approach to reigning in what he perceives as a “Wild West” of financial markets.
While the possibility of Gensler being ousted remains speculative, the very discussion is significant. If the SEC leadership were to change, it could signal a dramatic shift in the regulatory landscape for crypto. A more lenient or crypto-friendly SEC Chair could result in greater clarity, reduced enforcement actions, and potentially, a more favorable market for digital assets.
On the other hand, if Gensler stays and his regulatory clampdown continues, it could further deter institutional investment in cryptocurrencies, dampening market sentiment. Uncertainty always creates volatility, and the mere rumors of Gensler’s removal have the potential to affect crypto prices in the short term.
Whether Gensler stays or goes, the next few weeks could prove crucial in shaping the future of U.S. crypto regulation, making this a story to watch closely for both investors and enthusiasts alike.
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#SECCryptoRegulation #gensler #USNonFarmPayrollReport

#Ripple💰 isn't backing down! After the SEC filed its appeal, Ripple hit right back with a cross-appeal. Their Chief Legal Officer, Stuart Alderoty, says they're leaving no stone unturned to ensure victory. He even teased that SEC Chair #gensler is set for another defeat, calling it a "misguided attack" on the crypto industry. 🥊

Ripple CEO #BradGarlinghouse also jumped in, accusing the SEC of creating chaos instead of providing clarity for the US crypto market. He’s confident Ripple will win again, crushing the SEC’s "regulation-by-enforcement" tactics. 🏆

And guess what? $XRP
’s price jumped 2% right after the news! 🚀 Could Ripple’s legal victories lead to bigger gains for #Xrp🔥🔥 holders?
#10MTradersLeague