SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges. He also responded to Jim Cramer’s inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensller stated that while the SEC had the associated 19-4b filings for spot Ethereum ETFs last month, the launch of these products would “take some time.“Crypto exchanges are engaging in practices that would never be,” he said.
Source: Wayne Jones, 2024-06-07; https://cryptopotato.com/gensler-criticizes-crypto-exchanges-for-questionable-practices-says-spot-eth-etfs-will-take-some-time/