Spot Bitcoin ETF Options + AGs’ Litigious Action Against SEC / Gensler
We’ll be discussing the potential impact of Bitcoin ETF options very soon. It seems that we’re going to be running into an era where the CFTC will start earning increased jurisdiction over the crypto space.
Initially, when Gensler took office he tried to exert authority over every aspect of the crypto markets. However, derivatives and options are really supposed to fall under the jurisdiction of the CFTC. One could argue that this should extend to DeFi as well (which Gensler got a jump on early into his tenure).
The CFTC’s extension into the domain of crypto markets would be favorable for those that are anti-regulation as they rarely exert enforcement or regulatory measures (at least not as often as the SEC has). Also, let’s not forget that Gensler & the SEC are being sued by multiple different states for supposed overreaches in enforcement overreach.
More info on the lawsuit by multiple Attorney Generals against the SEC can be found here: https://thehill.com/policy/technology/4991491-gary-gensler-crypto-enforcement/amp/
We’ll be discussing the potential impact of Bitcoin ETF options very soon. It seems that we’re going to be running into an era where the CFTC will start earning increased jurisdiction over the crypto space.
Initially, when Gensler took office he tried to exert authority over every aspect of the crypto markets. However, derivatives and options are really supposed to fall under the jurisdiction of the CFTC. One could argue that this should extend to DeFi as well (which Gensler got a jump on early into his tenure).
The CFTC’s extension into the domain of crypto markets would be favorable for those that are anti-regulation as they rarely exert enforcement or regulatory measures (at least not as often as the SEC has). Also, let’s not forget that Gensler & the SEC are being sued by multiple different states for supposed overreaches in enforcement overreach.
More info on the lawsuit by multiple Attorney Generals against the SEC can be found here: https://thehill.com/policy/technology/4991491-gary-gensler-crypto-enforcement/amp/