Since taking office in 2021, the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has been inconsistent in his stance on cryptocurrencies. In his latest interview, Gensler stated that the SEC will continue to use "enforcement" to drive regulation of cryptocurrencies, and he wished TRON a happy 16th birthday.
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ToggleWishing TRON a Happy 16th Birthday, but Regulatory Stance Remains Unchanged
During the interview, SEC Chairman Gary Gensler first wished TRON a happy 16th birthday and praised the development of TRON since its launch in 2008. However, Gensler then stated that the SEC's approach to regulating cryptocurrencies will not change, emphasizing that it is to protect investors' interests and promote market development.
Gensler believes that blockchain technology (such as TRON) and the current securities laws are not in conflict, and the two can coexist. He stated that the problem is not with the technology itself, but whether the cryptocurrency market can achieve transparency. Furthermore, Gensler mentioned that there are conflicts of interest in the cryptocurrency market, which means that some projects may engage in unfair practices, thereby harming the interests of investors.
SEC's Future Regulatory Plans
Gensler also mentioned that the SEC is conducting multiple regulatory reforms, including core markets such as bonds and stocks, and emphasized that the SEC's goal is to reduce costs through market competition and increase market transparency and stability.
Gensler also stated that over the past three years, more than 40 reform plans have been completed, but there are still many rules under study and being promoted. As for the public's concern that the SEC is only using "enforcement" to drive regulation, Gensler said that the SEC has been regulating according to legal rulings, but ultimately, more specific legislation from Congress is still needed to assist their work.
Declining to Comment on Trump's Dismissal and the WLF Project
During the interview, the reporter asked Gensler about his views on the 2024 U.S. presidential election, particularly Trump's promise to fire Gensler on his first day in office if elected. Gensler declined to comment on this matter and did not express any views on Trump's World Liberty Financial project.
