SEC CHAIRMAN GENSLER: “BITCOIN IS NOT A SECURITY”‼️
#Binance #escoin
SEC Chairman Gary Gensler emphasized once again that Bitcoin is not a security. The fact that Bitcoin ETFs approved by the SEC are traded on the New York Stock Exchange supports this situation. However, Gensler stated that large segments of the crypto industry are full of scammers. He also stated that regulations in the sector are kept tight in order to ensure investor confidence. Gensler drew attention to the risks in the sector by saying, “Crypto is a paradise for fraudsters and fraudsters.” Gensler avoided making predictions about the social role of Bitcoin in the future and stated that the lack of trust in the sector will make it difficult to gain acceptance. #Bitcoin #elg #EscoinToken $BTC $ETH References: • SEC chair Gensler reaffirms Bitcoin is not a security - Cryptobriefing .
• SEC Chair Gensler Says Crypto Is Rife With ‘Hucksters, Fraudsters, Scam Artists’ - Decrypt .