SEC’s Gensler takes to Crypto Twitter as ETF deadline looms

If history is any indication, Gensler’s post could mean positive news is on the way


Artwork by Crystal Le


Hours after many issuers submitted what could be their final registration statements for bitcoin exchange-traded funds, US Securities and Exchange Commission Chair Gary Gensler took to X to meet the crypto audience where they are.

Gensler on Monday published a three-part thread on X, formerly Twitter, advising crypto-interested investors to be mindful when allocating their funds. 

Loading Tweet..

“Those offering crypto asset investments/services may not be complying [with] applicable law, including federal securities laws,” Gensler wrote. “Investors in crypto asset securities should understand they may be deprived of key info [and] other important protections in connection [with] their investment.”

If history is any indication, Gensler’s post could mean positive news is on the way. The SEC’s Investor Education account in 2021 posted a similar warning to investors on Oct. 14, the day before the first bitcoin futures ETF application became effective. 

Gensler’s warning came about three hours after Grayscale, ARK/21Shares, BlackRock, Bitwise, VanEck, Wisdomtree, Invesco/Galaxy, Fidelity, Valkyrie and Franklin Templeton submitted their amended S-1 filings early Monday, a final step before the SEC moves to approve or deny the products, analysts say. 

The SEC has until Jan. 10 to rule on Ark and 21Shares’ bitcoin ETF application. 

Gensler’s Monday comments are in line with views he has previously expressed about crypto. Bitcoin is a “highly speculative investment,” the agency head has repeatedly said over the past year.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research



Aerodrome is a "MetaDEX" that combines elements of various DEX primitives such as Uniswap V2 and V3, Curve, Convex, and Votium. Since its launch on Base, it has become the largest protocol by TVL with more than $495M in value locked, doubling Uniswap's Base deployment.


Also, a look into how the highly-debated SAB 121 could end up shaking out for crypto custodians


Vance, an Ohio Republican, is largely seen as crypto-friendly


Plus, all the world is green as prices across the crypto space rally, with solana reaching a nearly two-week high


Investors add to crypto positions after “turnaround in sentiment due to lower-than-expected CPI,” CoinShares research head says


Plus, Ethereum is in the midst of a vibecession


Also, former Valkyrie CEO lands new leadership role at Canadian investment firm Cypherpunk Holdings