The first statements of the head of the American Stock Exchange Commission after Ripple’s victory: the case is still open!

During a speech on artificial ielligence, Gensler was asked about the ruling’s impact on his stance on cryptocurrencies and the need for federal legislation for regulatory clarity. Gensler expressed satisfaction with the court’s decision to favor institutional investors, but said he was disappoied with the ruling regarding retail investors. He stated that they are still evaluating this opinion.
In another ierview, Gensler echoed similar seimes, but declined to elaborate because of the ongoing litigation. He acknowledged that crypto exchanges will see the ruling as a victory and relist Ripple on their exchanges. However, he said the lawsuit is still ongoing. He stressed that cryptocurrency platforms should not engage in actions that are not allowed in other parts of the capital market.
Regarding customized rules for crypto, Gensler stated that it is too early to consider these; Because this verdict has just been issued. He noted that the agency currely has rules for securities exchanges.
When asked about the Republicans’ proposed crypto-asset legislation, Gensler said he would reserve his commes directly to members of Congress.
Gary Gensler also stated that Satoshi Nakamoto wrote an article about the transfer of value on the Iernet without iermediaries, but the industry is concerated in many places.