A Bloomberg intelligence analyst named James Seyffart draws attention to the apparent indisputable fact that Gary Gensler, the chair of the SEC, avoided discussing the specifics of the Ripple issue in a recent Bloomberg interview.
On Twitter, Seyffart stated: “Bloomberg TV merely had a 10-minute interview with Gensler. Cryptography was obviously a topic. However, Gensler didn’t really offer any new or important insight. In general, he declined to discuss the details of the ripple case or the applications for Bitcoin ETFs.
In an interview on Bloomberg TV that was moderated by Bloomberg reporter Kailey Leinz, the most recent Ripple decision was discussed. Gensler was questioned regarding his thoughts on the Ripple decision as well as whether the business intended to appeal it.
XRP is only a security when sold to institutional buyers, not so with retail customers, according to a judgement in the Ripple case, according to Bloomberg writer Kailey Leinz. I am aware that you previously expressed disappointment with the decision, and the SEC also stated that it will look into the matter further. Does it mean you intend to charm it? Can you expound on your thoughts regarding the ruling?
The SEC chair avoided answering directly, preferring to withhold information on the company’s ensuing transfer.
He is regarded as one of the five commissioners, according to Gensler. As a result, he has no control over whether the SEC will appeal the ruling. He also mentioned that the SEC will pay attention to employee input.
“I am regarded as one of the five commissioners. The commissioners did nothing in response to that. If one of the employees has an idea, we can talk about it and bring it up there. I don’t have any additional information on that, Gensler admitted.
The possibility of an enchantment may not be 100% certain, according to Mr. Huber, a vocal member of the XRP community, who responded on Twitter in response to the SEC chair’s most recent comments.
“Based on Gary’s most recent claim, I don’t think they’ll enchant the choice as the Maxis cry with such certainty. Not even close, he tweeted.
In a reference to the past, the Ripple judge ruled on July 13 that sales of XRP to ordinary customers did not constitute as securities, but sales to institutional customers did. In its most recent submission regarding the Terra/Do Kwon case, the SEC expressed its disappointment with the Ripple decision and stated that it was looking into an enchantment.
