Advertisement
AD

Main navigation

SEC Chairman Gensler Calls Bitcoin and Other Coins Speculative Asset Class

Advertisement
Wed, 4/08/2021 - 12:27
SEC Chairman Gensler Calls Bitcoin and Other Coins Speculative Asset Class
Cover image via stock.adobe.com
Read U.TODAY on
Google News

During his recent talk with CNBC's Squawk Box show, Gary Gensler has stated that he views Bitcoin and hundreds of other digital currencies traded by the community as a speculative asset class.

Advertisement

If people want to trade them, he continued, that is fine. However, he insists that Bitcoin, and cryptocurrencies in general, are often linked to fraud, scams and money laundering.

In this regard, he insists that crypto trading platforms (i.e., crypto exchanges) should be put under a regulatory regime to protect traders as if they were trading on the NYSE.

Related

He believes that lack of regulation here is not good for investors, and it is not good for the technology that crypto is based on either.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD