Jim Cramer vs. Gary Gensler – Could We See a BONK ETF?

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We simply watched this interview between Gary Gensler and Jim Cramer that occurred yesterday morning and boy did Jim ask Gaz a number of the questions we want we might’ve requested.

Specifically: If an ETH ETF has been accepted, what a few BONK ETF?

(The subtext being, now one altcoin has been accepted for a spot ETF within the US, what about each different altcoin)?

And: What about Roaring Kitty? Is he manipulating markets?

(Which pertains to crypto as a result of traditionally when meme shares fly, meme cash do too).

It’s nicely value a watch (lower than 14 minutes) however in the event you simply wish to know the solutions to the above, right here goes.

Whereas he skirted across the subject and didn’t reply instantly, he did use a lot softer language than prior to now when he’s known as the crypto market a “scam-riddled sector, rife with hucksters and fraudsters.”

Nevertheless, he couldn’t assist however take a jab on the trade as a complete stating that “Crypto exchanges are doing issues we might by no means enable this New York Inventory Change to do,” and “[many tokens] haven’t given the disclosures that you just not solely have to make your funding choices but in addition which might be required by the regulation.”

Wrt Keith Gill (aka Roaring Kitty), Gaz skirted round this subject too.

All he needed to say on the subject was that “Usually talking, you must be sure you don’t mislead the general public, and that you just don’t, in any method, do issues within the markets that could be manipulative.”

He declined to say whether or not the SEC is at present scrutinizing Gill’s buying and selling or on-line conduct.

So there you might have it – Gary Gensler now formally appears not-not-pro-crypto.