- GARY GENSLER RETURNS? 😤
** Admits Bitcoin, Former SEC Chairman Gary Gensler Says Many Crypto Coins Are Dangerous to Investors **
Former Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, acknowledged that Bitcoin is a resilient digital asset, but also stated that many crypto coins besides Bitcoin are dangerous to investors. This statement came as he appeared as a guest on CNBC to discuss crypto policies during his tenure, which included over 100 enforcement actions against crypto fraud, including the prosecution of FTX, as well as the approval of the Bitcoin spot ETF.
In the interview, Gensler defended his approach focused on investor protection and described Bitcoin as a resilient digital asset, similar to gold, due to its decentralized nature and enduring value. Gensler, who will leave his position in January 2025, emphasized that during his leadership, the SEC has taken strong steps to protect investors from the risks inherent in the crypto market. "We consistently strive to ensure investor protection amid a multitude of scammers, like Sam Bankman-Fried, who is not the only one," said Gensler, referring to the founder of FTX involved in a major scandal.
#GaryGenslerResignation #USBitcoinReserveDiscussion #SEC #altcoins
