Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation

Gary Gensler, chair of the SEC, discussed the agency’s approach to crypto regulation at a recent event. He emphasized the distinction between altcoins and Bitcoin, reaffirming Bitcoin’s status as a non-security asset. Gensler also hinted at the possibility of stepping down after Trump’s election. He highlighted the SEC’s focus on compliance with securities laws and the approval of ETPs for Bitcoin futures, spot Bitcoin, and Ethereum. Gensler’s remarks reflect his belief that Bitcoin is different from altcoins and that only Ethereum and stablecoins are outside the SEC’s jurisdiction.