"SEC's stance towards the cryptocurrency market remains unchanged"
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Appearing in a Bitcoin documentary produced by Bloomberg, Gensler emphasized that the SEC will continue its regulatory stance of protecting the market, based on the clear laws it has upheld for 90 years. He stated, "The SEC has protected the market based on clear laws for 90 years, and this stance will not change. Regulations through enforcement in the cryptocurrency market will continue."
Gensler, who is seen as a figure who has caused numerous frictions with the cryptocurrency industry by enforcing regulations on major companies in the cryptocurrency market, starting with the lawsuit against Ripple in December 2020, has claimed that "most cryptocurrencies other than are securities." He has threatened to prosecute exchanges such as , , and , as well as classify the majority of major altcoins, including the Ethereum development company , as securities, starting from 2023.
Meanwhile, he refused to comment on the possibility of his dismissal as SEC chairman following the election of former President Trump.
With the U.S. presidential election just 2 weeks away, Gensler's position as SEC chairman is not looking bright. This is because former President Trump has mentioned the dismissal of Gensler during his campaign rallies, and the supporters of Vice President Harris have also demanded Gensler's dismissal.
Gensler's comments came shortly after the SEC officially announced that the cryptocurrency market will be a priority for the agency's investigations in 2025.
In the official notice on the 22nd, the SEC's Enforcement Division stated that "it will investigate the provision, sale, recommendation, advice, trading, and other activities related to cryptocurrency-related assets, and the specific targets will be the spot exchange-traded fund (ETF) and the spot ETF."
Reporter Kwon Seung-won ksw@
