US SEC Chairman Expresses Concerns Over Bitcoin Cash ETFs

Golden Financial, in response to questions from Senior Republican Pat Toomey of the US Senate Banking Committee, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), reiterated his concerns about the lack of transparency and the potential for fraud and control. . He said the SEC's decision would not have been affected if US regulators had not accepted spot Bitcoin ETFs. In a message to Congress last week, Gensler said, "The bitcoin market itself today is essentially unregulated. Lack of governance and oversight leads to" People are concerned about the potential for deception and control. I am trying to learn. other decisions do not comply with legal standards and procedures under the Federal Security Act. "