Some people are unable to distinguish between Gensler’s sincere and passive-aggressive attitudes about cryptocurrencies.
Tuesday was the 15th anniversary of Bitcoin’s whitepaper, the first working proposal for “peer-to-peer electronic cash,” which was celebrated by the cryptocurrency community.
Gary Gensler, the head of the Securities and Exchange Commission (SEC), who gained notoriety for his tough enforcement measures against the cryptocurrency business, was one of the attendees.
SEC Chairman Extends Birthday Greetings to Bitcoin with a Warning,SEC Chairman Extends Birthday Greetings to Bitcoin with a Warning
Gensler mentioned Satoshi Nakamoto, the mysterious author of the Bitcoin whitepaper who is still unidentified, in a tweet on Tuesday.
He questioned, “Would we be able to tell if Satoshi Nakamoto dressed up as himself for Halloween?” “Happy 15th anniversary to the renowned white paper by Satoshi that launched cryptocurrency.”
Even if he was kind towards Satoshi, Gensler stuck to the current crypto companies. “Companies in the cryptocurrency space that deceive investors ought to start adhering to securities laws,” he declared.
In terms of regulation, Gensler has always preferred Bitcoin above other cryptocurrencies, seeing it as a unique commodity within the asset class.
In contrast, he has filed many cases against the producers of stablecoins as well as the exchanges that sell them, characterising the “vast majority” of other cryptocurrencies as possible unregistered securities.
Also, he has shown reluctance to authorise a spot Bitcoin ETF, which many predict will sharply increase the price of Bitcoin if authorised.
Many people who were annoyed by Gensler’s actions responded to his tweet with frustration.
@osf_rekt retorted, “To be honest, I think this is an incredibly unprofessional tweet.” “I just cannot believe the Chair of the SEC, the very body that makes decisions, is on social media tweeting garbage like this,” the speaker said. “There is obviously great sensitivity around Bitcoin right now.”
SEC Chairman Extends Birthday Greetings to Bitcoin with a Warning,SEC Chairman Extends Birthday Greetings to Bitcoin with a Warning,SEC Chairman Extends Birthday Greetings to Bitcoin with a Warning, SEC Crypto news, SEC News