Jim Cramer Thanks SEC Chief Gary Gensler

January 20, 2023 Story: Divya Sinha

Famous CNBC host Jim Cramer is well-known for the inverse Cramer effect which means that something he predicts the opposite happens to it.

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Cramer in his recent tweet thanked SEC Chief Gary Gensler.

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He conveyed thanks to Gensler for standing up to the crypto bullies who wanted an ETF.

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His tweet further detailed that they could have been blown to kingdom come by Genesis Global.

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The US SEC is yet to approve any spot bitcoin exchange-traded fund (ETF) listings to date.

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The primary reason for the rejections of a dozen spot bitcoin ETF applications is the lack of surveillance-sharing agreements.

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On Jan 19, crypto lender Genesis has filed for bankruptcy and becomes the latest victim of the global crypto meltdown in the US.

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