Gary Gensler will provide insight into numerous problems concerning the crypto market and artificial intelligence (AI) in the aftermath of Bitcoin ETF filings.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will discuss artificial intelligence and the cryptocurrency market in an exclusive interview to be published on Monday. In light of the SEC’s recent defeat, the Ripple vs. SEC lawsuit judgment by Judge Analisa Torres, this might turn out to be an interesting discussion.
Also Read: Ripple Wins, SEC Loses: XRP Price Jumps 37% as US Judge Rules XRP is Not a Security
Gensler will also be questioned about recent advancements and risks related to the field of artificial intelligence’s rapid development.
Surprisingly, this will be the SEC Chair’s public statement shortly prior to his appearance before the Senate Appropriations Committee on Wednesday, July 19, 2023. He will speak about the committee’s review of the SEC’s budget for the next fiscal year 2024.
Crypto vs. Gary Gensler
Gensler is famous for his strong anti-crypto stance and his uncompromising belief in the SEC’s ‘come forward and comply’ approach. He has gained popularity among cryptocurrency traders for stating that all cryptocurrencies, with the exception of XRP, are securities.
However, the recent Ripple case ruling, which witnessed Judge Torres announce that XRP was not a security, may have a significant impact on the US SEC’s perception. Later Monday, Yahoo Finance journalist Jennifer Schonberger will do an exclusive interview with Gensler.
The US SEC will be examining a number of spot Bitcoin ETF applications from various financial organizations in the ensuing months.