SEC chair Gary Gensler avoids discussing Ripple case specifics in Bloomberg interview
Seyffart wrote on Twitter: "Bloomberg TV just interviewed Gensler for 10 minutes. Obviously, crypto was a topic. But Gensler didn't really give a ton of meaningful or new insight. He mostly refused to discuss specifics for the ripple case or for Bitcoin ETF filings."
The discussion raised by Bloomberg reporter Kailey Leinz goes thus: "A ruling that was made in the Ripple case that XRP is only a security when sold to institutional investors, not so with retail investors. I know you've previously said you were disappointed by that ruling, and the SEC also said that it intends to seek further review. Does that mean you’re going to appeal it? Can you elaborate on your thoughts around that ruling?"
In response, the SEC chair was evasive, preferring not to reveal the agency's next move.
If I hear Gary's recent statement I think it isn't so 100% sure they are going to appeal the decision like the Maxis cry. Not by far. https://t.co/jRaf3RPWGZ pic.twitter.com/3vyoWAX7hZ— Mr. Huber🔥🦅🔥 (@Leerzeit) July 28, 2023
According to Gensler, he is one of five commissioners. As a result, he has no say over whether the SEC will appeal the verdict. He also stated that the SEC will discuss the staff's recommendations.
"I'm one of five commissioners. The commissioners have not acted on that. If the staff makes a recommendation, we will have a discussion about it, and we’ll take it up there. I don't have anything more on that," Gensler stated.
"If I hear Gary's recent statement, I think it isn't so 100% sure they are going to appeal the decision like the Maxis cry. Not by far," he tweeted.