Not only XRP, is Ethereum also an SEC target? – Latest News, Breaking News, Top News Headlines

While Gary Gensler’s introductory speech as the new chairman of the US Securities and Exchange Commission (SEC) always seemed to be a positive signal for the crypto world, the hearing before the US Senate Banking Committee was a big disappointment. As Jeremy Hogan, a popular lawyer in the XRP community, asked, there could be a lot of lack of obscurity ahead for the crypto space.

For a long time during the Gensler hearing, the conversation wasn’t about blockchain or cryptocurrencies. However, after more than an hour, a senator asked what the US Congress and the SEC can do to create a “forward-thinking regulatory framework.”

A senator from Tennessee also asked the new SEC chairman about his “approach to digital assets.” Gensler said he would treat cryptocurrencies in a “technologically neutral” manner.

Finally, Hogan notes that Gensler’s responses dovetailed with the SEC’s recent “risk warning” for digital assets. Which is not a good sign for the crypto world. The SEC could continue its reign of terror to regulate with litigation and threats of lawsuits.

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