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SEC Chairman Gary Gensler Speaks About Cryptocurrencies!

SEC Chairman Gary Gensler Speaks About Cryptocurrencies! WikiBit 2024-05-08 17:16

SEC Chairman Gary Gensler spoke about cryptocurrencies after the Robinhood move. Bitcoin rose above $65,000 yesterday as it started the new week

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SEC Chairman Gary Gensler Speaks About Cryptocurrencies!

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SEC Chairman Gary Gensler spoke about cryptocurrencies after the Robinhood move. Bitcoin rose above $65,000 yesterday as it started the new week positively.

However, it fell to $63,000 after the news that the SEC sent a Wells Notice to the US-based cryptocurrency platform Robinhood.

While the SEC-Robinhood move remains hot on the agenda, SEC Chairman Gary Gensler spoke to CNBCs Andrew Sorkin.

Answering the questions, Gensler said:

Many cryptocurrencies are securities under the law. However, investors are not given the explanations they need.

“Cryptocurrencies continue to be a big part of fraud, fraud and problems in general.”

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