Bitcoin

Momentum

Gary

Spot

<ul> 
 <li>Gary Gensler has been known for his enforcement-first attitude to cryptocurrency regulation.</li> 
 <li>Regardless, the agency still approved a multitude of Spot Bitcoin ETFs early this year.</li> 
</ul> 
The chairman of the U.S <a href="https://thenewscrypto.com/sec-chair-gary-gensler-proposes-whopping-2-4-billion-budget/" target="_blank" rel="noreferrer noopener">SEC</a>, Gary Gensler, said in an interview with CNBC today that Bitcoin accounts for the majority of <a href="https://www.techtarget.com/searchsecurity/definition/ransomware" target="_blank" rel="noreferrer noopener nofollow">ransomware</a>. The asset and the industry as a whole have Gensler’s persistent disdain. This is despite the fact that eleven Spot Bitcoin ETFs were approved by the SEC earlier this year. 
Gensler issued a statement after those historic approvals. He made a point of saying that the applications were similar to “those we have disapproved in the past” in it. “Circumstances have changed,” he said, which led to the green light. In the same speech, meanwhile, he also expressed his dislike of Bitcoin, citing its association with ransomware. 
<h3 class="wp-block-heading" id="h-enforcement-first-approach">Enforcement-first Approach</h3> 
Regardless, the agency still approved a multitude of Spot Bitcoin ETFs early this year, notwithstanding that stance. The asset has recently attracted increased attention from institutional investors, marking a watershed moment for the market. Nevertheless, Gensler remains steadfast in his view. 
<a href="https://thenewscrypto.com/u-s-senators-censure-sec-chair-over-handling-of-debt-box-case/" target="_blank" rel="noreferrer noopener">Gary Gensler</a> has been known for his enforcement-first attitude to cryptocurrency regulation during his stint as SEC Chair. In addition, he did not hesitate away from offering his thoughts on the illegal practices inside the sector. His assessment of the asset class’s volatility and the risk it presents to investors remains unchanged. 
However, investors should take note that his acceptance of these financial products does not necessarily mean that Bitcoin has received the green light, as his last remarks have left room for interpretation. 
Gensler, on the other hand, has not avoided bringing up <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">Bitcoin’s</a> erratic behavior and its potential links to illicit activities like money laundering, sanctions evasion, or terrorist financing—all of which are major concerns that current legislation is aiming to address. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/xrp-price-surges-amidst-overall-bullish-market-momentum/" target="_blank" rel="noreferrer noopener">XRP Price Surges Amidst Overall Bullish Market Momentum</a>

Gary Gensler Highlights Bitcoin’s Ransomware Market Share Dominance

目錄

TheNewsCrypto

在 2024年2月15日發表的其他文章

Bitcoin Price Hits New All-Time-High In THIS Country

Kelexo presale draws Tron & DOGE holders, eyes 25x growth

Chainlink (LINK) And Solana (SOL) Gearing Up For Major Price Rally Ahead

Jupiter Price Surges! Is JUP Token Worth Buying?

Why is Google One Hiding Its 200GB Plan?

From Chips to Clouds: US Tightens Grip on Technology Race with China

訂閱免費電子報，每天收取加密貨幣最新動態！