Joe Mathieu

Pleasure to spend some time with Gary Gensler as we consider the crypto space regulations and the plumbing in the market.

He's with us live now, former chair, of course, of the Securities and Exchange Commission, professor of the practice at MIT Sloan School of Management.

Mr. Gensler, welcome back to Bloomberg TV and radio.

Is that you buying the dip in Bitcoin?

Well, what do you think of this?

We've spent a lot of time talking about this when you were in the job at the SEC and the many warnings that you made about this potentially risky asset.

And we're witnessing a reckoning in the marketplace right now.

What do you think is behind it?

What do you make of the politicization of crypto?

The fact that the Trump administration has become involved to this extent has reportedly turned off some investors as they watched the Trump family enrich themselves with gains like this.

Is this a Democrat versus Republican thing now?

I've heard a lot about the impact of ETFs on this space.

That's something you know a lot about, the initial ETFs that were greenlit to start buying crypto.

Did that just change the plumbing in the crypto market here by tying it directly to the stock market?

Yeah.

Well, Mr. Chairman, I want to ask you about speaking of plumbing in the markets, what happened at the CME last week and whether you think the CFTC should be investigating this outage?

Should the CME be facing additional scrutiny?

Well, we've experienced an incredible number of inquiries about this at Bloomberg.

Our readers are asking, our viewers and listeners are asking about this.

It put a real chill in the markets, to use a terrible pun in this case.