Former SEC Chairman Gary Gensler Speaks Out About Bitcoin (BTC) and Cryptocurrencies After a Long Time! Here Are His Surprising Statements…

Gary Gensler, former chairman of the US Securities and Exchange Commission (SEC), made important statements about the cryptocurrency market after a long ￰0￱ to CNBC, Gary Gensler said he has no regrets about regulating the cryptocurrency market and the actions he took for ￰1￱ Gensler stated that his views on Bitcoin (BTC) and cryptocurrencies have not changed, he argues that cryptocurrencies are still ￰2￱ stated that he does not regret the strong sanctions and regulations imposed on the cryptocurrency sector during his tenure, as fraud was rampant at the time. Gensler, seen as a key figure in the crackdown on the crypto sector, stated that the SEC has filed approximately 100 lawsuits against crypto companies under his leadership, a number comparable to his predecessor's tenure.

“During my time in office, the cryptocurrency market was rife with scams. I do not regret the sanctions I imposed on cryptocurrencies and the regulation I implemented.” Only Bitcoin Will Be Permanent! Gensler, who continues to stand by his ideas, argued that most cryptocurrencies survive on speculation and hype rather than value ￰3￱ emphasized that cryptocurrencies other than Bitcoin are fundamentally devoid of fundamentals and are highly speculative, risky ￰4￱ stated that while BTC may survive for a long time, the rest of the cryptocurrency market may not. Finally, Gensler reminded that regulations are implemented solely to protect investors. *This is not investment ￰5￱ Reading: Former SEC Chairman Gary Gensler Speaks Out About Bitcoin (BTC) and Cryptocurrencies After a Long Time!

Here Are His Surprising Statements…