Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Gary Gensler has broken two months of public silence with a combustible appearance on CNBC’s Squawk Box, granting his first interview since stepping down as chair of the US Securities and Exchange Commission (SEC) on 20 January. In a 17‑minute exchange with Andrew Ross Sorkin, the former regulator applauded Bitcoin’s staying power while likening most non‑Bitcoin tokens to “sentiment‑driven memes.”
The remarks came as the SEC, under acting chair Mark T. Uyeda, is walking away from headline enforcement actions that defined the Gensler era. Gensler refrained from talking about individual cases, rather emphasizing that the crypto industry has no fundamentals.
Trending: Judge Boasberg Realizes It’s Over, Admits He’s Powerless to Stop Trump Deportations
Gensler Embraces Bitcoin Maximalism
“I’m going to step back a little
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!