SEC Chairman Gary Gensler Speaks About Bitcoin (BTC) and Cryptocurrencies! Commented on Mark Cuban’s Request!

SEC chairman Gary Genslerparticipated in CNBC’s Squawk Box program today. gentes, Bitcoin and cryptocurrencyHe made important statements regarding the

Stating that the cryptocurrency industry is experiencing a lot of problems due to fraud, Genler also reiterated that Bitcoin is not a security and said:

“The cryptocurrency industry is struggling with a large number of fraudsters in the field.

I’m talking about the crypto industry. Look, not liking the rules doesn’t mean there aren’t any rules.

Bitcoin is not a security.

My predecessor and I said that Bitcoin is not a security. “There is now a way to invest in this through ETFs.”

Gensler also spoke about famous billionaire Mark Cuban, a cryptocurrency supporter, demanding the SEC presidency if Kamala Harris becomes president. “I’m honored to be in this job, and if Mr. Cuban wants this job, it’s because it’s one of the best jobs in Washington.” he commented.

Elon Musk, the richest man in the world, harshly criticized Mark Cuban, who requested the SEC chairmanship instead of Gray Gensler if Kamala Harris becomes the next US President.

“I feel honored to be in this job and if Mr. Cuban wants the job, it’s because it’s one of the best jobs in Washington,” says @GaryGenslerChair @SECGovabout @mcuban. pic.twitter.com/tQFePnS8M8

— Squawk Box (@SquawkCNBC) September 26, 2024

*This is not investment advice.