Gensler, who was even criticized by the commissioners for his biased attitude towards cryptocurrencies in Congress this week, made statements at the US Treasury Market Conference. Republicans are clearly against Gensler’s policies because he is a player on the opposing team and Trump’s cryptocurrency We know that he is trying to get the votes of his investors. So what did Gensler say?
Genes and Cryptocurrencies
SEC Chairman Gensler said in his statements today that Bitcoin $63,645It reaffirmed that ‘s is not classified as a security under SEC rules. BTC, BCH and ETH are not securities in the latest eToro deal SEC It was requested that all other cryptocurrencies be closed to confirmed US citizens. At the same time, ETF approvals also show this.
Emphasizing the SEC’s role as a “law enforcement agency,” Gensler said that every step they take is to instill confidence in the market.
“Innovations will not thrive for long if they do not also build trust. Disliking the rules is not the same as denying that there are rules. Just look at the leading names in this space, the crypto space, just two years ago. Some of them are currently in prison, and I’m not just talking about SBF. “There were losses and bankruptcies worth tens of billions of dollars.”
Gary Gensler also made the following statements in his recent interview with CNBC’s “Squawk Box” program:
“Bitcoin Regarding , my predecessor and I said that it is not a security.”
Stating that they are carrying out a new study for DeFi, Gensler says that the exchanges have gaps in the registration point of the institution. After altcoins, we can see the battle in the DeFi and NFT space deepening further.
Despite all this, BTC continues to find buyers above $ 65,400.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
