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

US Securities and Exchange Commission (SEC) Chairman Gary Gensler has commented for the first time on the agency’s recent ruling against Ripple.

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During a speech on artificial intelligence, 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 disappointed with the ruling regarding retail investors. He stated that they are still evaluating this opinion.
In another interview, Gensler echoed similar sentiments, 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 currently has rules for securities exchanges.
When asked about the Republicans’ proposed crypto-asset legislation, Gensler said he would reserve his comments directly to members of Congress.
Gary Gensler also stated that Satoshi Nakamoto wrote an article about the transfer of value on the Internet without intermediaries, but the industry is concentrated in many places.