CFTC Calls Out SEC on Crypto Regulations - Ripple XRP Lawsuit & Bitcoin ETF News

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Following SEC chair Gary Gensler comments on crypto regulations yesterday, former CFTC chai Chris Giancarlo tweeted that "Only one US regulatory agency has experience regulating markets for Bitcoin & Crypto and it is not SEC, It is CFTC. If Biden Administration is serious about sensible Cryptocurrency regulation, it needs to nominate a CFTC chairman."
CFTC commissioner Brian Quintenz tweeted in response to the SEC "Just so we’re all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or crypto assets."
Ripple CEO brand Garlinghouse tweeted the following regarding the SEC XRP lawsuit - "In 2018 Bill Hinman said ETH isn’t a security and Jay Clayton agreed. But just weeks ago, Hinman filed a sworn affidavit in Court saying the SEC still has “not taken any position or expressed a view” on ETH’s status…so how is the market supposed to have clarity?!"
Grayscale hires ETF head in push to convert biggest Bitcoin Fund GBTC.
Victory Capital has applied to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tracking the Nasdaq Crypto Index (NCI).
Crypto is a fundamental technological breakthrough, a16z co-founder Marc Andreessen says.
Google’s new U.S. crypto ad policy kicks in today, allowing ads related to bitcoin and other crypto on its network, albeit with restrictions on the firms permitted to do so.
Nasdaq-listed The9 has signed a joint venture agreement with Kazakhstan cryptocurrency mining firm KazDigital, The9 said Wednesday.

- SEC Hester Pierce - https://youtu.be/_qihfMbIk_g
- Chris Ginacarlo - https://youtu.be/7PwSx78SWqk
- Brad Garlinghouse - https://youtu.be/dPe499jDQ4E

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