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SEC Chair Gary Gensler Mocked By Popular Crypto Analyst After Spot Ethereum ETF Progress: 'His Meltdown Would Be Historic'

Published 21/05/2024, 07:10
© Reuters SEC Chair Gary Gensler Mocked By Popular Crypto Analyst After Spot Ethereum ETF Progress: 'His Meltdown Would Be Historic'
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Benzinga - Prominent crypto market observer and founder of venture fund Cinneamhain Ventures, Adam Cochran, took a dig at SEC Chair Gary Gensler over the latter's stance on Ethereum (CRYPTO: ETH) being a security.

What Happened: Cochran, one of the fiercest critics of Gensler, took to social platform X mocking the SEC Chief's duplicitous position on categorizing cryptocurrencies as securities.

He wrote, "I'd love to see @iampaulgrewal ask @GaryGensler in court to explain the difference between ETH (a non-security) and the countless assets he claimed are securities in their cases." Cochran went to the extent of saying, "His meltdown would be historic."

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