Former SEC Chairman Gensler: "I do not regret regulating crypto assets"

Son Min

Summary

Former SEC chairman Gensler said he does not regret the regulation of the crypto asset market.
The SEC reportedly filed about 100 crypto asset-related lawsuits during his tenure.
Gensler stressed that most crypto assets, except Bitcoin, are speculative assets lacking fundamentals.

Former U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler said he does not regret regulating the crypto asset (cryptocurrency) market.

On the 19th (local time), former SEC chairman Gensler told CNBC in an interview, "When I was in office, the crypto asset market was rife with fraud," and said, "I do not regret enforcing and regulating crypto assets." At that time, the SEC filed about 100 lawsuits against crypto asset companies.

Gensler said, "Most crypto assets, except for Bitcoin (BTC), are speculative assets lacking fundamentals," and pointed out, "Most are surviving on hype rather than value creation." He emphasized, "I regulated the market to protect investors."

BTC