Gary Gensler, Chairman of the Securities and Exchange Commission, has turned down requests from the cryptocurrency industry. The leading names in the crypto industry have made statements that the SEC should stop making decisions.

In a statement Wednesday, the SEC chief said:
SEC Chairman Gensler:
“Together with my commissioners, we are implementing the law passed by Congress and the interpretations of the courts. Our job is to protect investing citizens and review the terms of each token or platform.”
Gary Gensler has denied allegations that he has not treated the crypto industry “fairly”. The official emphasized that blockchain startups are well aware of their ethical responsibilities.
The Blockchain Association published an article last month advocating for the SEC to withdraw itself from crypto enforcement decisions. The crypto lobby argues that Gensler is malicious, referring to different statements he has made in the past. Allegedly, the head of the SEC previously commented that “anything except Bitcoin can be a security.” This attitude of the state official leads to comments that he does not approach digital assets impartially.
The head of the Securities and Exchange Commission did not speak about the ETF filings. The world's largest asset manager, BlackRock, recently applied for a commission for a spot Bitcoin fund. The SEC rejected only one of BlackRock's regular applications, while not accepting any of the spot BTC funds, according to the available data.
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