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Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation

Gensler also excluded Ethereum and stablecoins from other digital assets which he deems 'non-compliant.'

CryptoSlate

Nov 16

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Happy Saturday!

In today's CryptoSlate newsletter, we dive into the latest developments shaping the crypto landscape. SEC Chair Gary Gensler claims credit for the rise of Bitcoin ETFs while dismissing altcoins as 'non-compliant' and hinting at his potential resignation. Meanwhile, in a surprising turn of events, investors have withdrawn their $258 billion lawsuit against Elon Musk regarding Dogecoin, as the court found no evidence of fraud. On a brighter note, memecoins have outperformed the broader crypto market by six times over the past month, contrasting sharply with the negative performance of tokens related to AI and social narratives. Stay tuned for more insights and analysis on these pivotal topics!

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The global crypto market cap is $3.05 trillion, with a 24-hour volume of $185.22 billion. The price of Bitcoin is $90,888.17, and BTC market dominance is 58.9%. The price of Ethereum is $3,160.66, and ETH market dominance is 12.5%. The best-performing sector is Terra, which gained 28%. The Crypto Fear & Greed Index is currently Greed (86).