Then-former CFTC Chairman Gary Gensler says there is not regulatory clarity in the digital asset markets, and “for Ripple” there “needs to be clarity in the market.” He then scoffs that “a group of venture capitalists that went in to the SEC” and how “they’re sort of saying – believe us, we get you, we’re with you, SEC – but we have a bunch of clients who are going to evolve to be a consumable token … I kind of don’t think this is going to work.” Gensler concludes by saying that “the market needs clarity” and that “the uncertainty as to whether ether is or is not a security… it could exist for months but at some point in time it is worthwhile to settle that down or have it fall into the courts.”
Sources: @Leonidas, @RealXRPboy and @XRPeople4
