Gary Gensler, in his latest interview with Bloomberg, has spilled the beans on the SEC’s take on the Federal court’s rejection of new regulation and controversy related to the delay in ETH ETFs.
Here’s the story in detail!
Earlier this month, a federal court struck down a new regulation imposed by the US SEC. The regulation aimed to force hedge funds and private equity firms to disclose more information about their fees and expenses to investors. The decision was made by a three-judge panel from the 5th US Circuit Court of Appeals in New Orleans, which ruled that the SEC had overstepped its authority.
Gensler’s Response
SEC Chair Gary Gensler addressed the court’s ruling during an interview at the Bloomberg Invest event in New York. He emphasized the importance of adhering to legal boundaries and court interpretations.
“We do everything within the law and how courts interpret the law,” Gensler stated. He also said the…
