In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC’s course on its “regulation by enforcement” approach to crypto.
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), has had mixed messages about cryptocurrencies since taking charge of the regulatory body in 2021.
In an Oct. 22 interview aired on Bloomberg Business, the SEC Chair initially pivoted from answering a question about regulating digital assets to wish Bitcoin (BTC) a “sweet sixteen” — the cryptocurrency’s white paper was released on Oct. 31, 2008. Gensler suggested that the SEC would maintain its approach considering the risks of digital assets to investors and “regulation by enforcement.”
“We have benefited for nine decades from robust laws from Congress and rules from various agencies […] to help promote the markets — to protect investors, to promote capital formation and the markets in the middle, and that’s what we’ll continue to do,” said Gensler.