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SEC Chairman Candidate Gary Gensler Calls Bitcoin “Catalyst Of Change”

Nominated by President Joe Biden to head the US Securities and Exchange Commission (SEC), financier Gary Gensler has praised blockchain, Bitcoin and cryptocurrencies.

Speaking at a hearing on his candidacy before the Senate Banking Committee, Gensler called digital gold “a catalyst for change.”

In response to a question from Senator Michael Roundsom, he added:

“Bitcoin and other cryptocurrencies have brought new thinking to payments and the availability of financial services, but they have also raised new investor protection issues that we still need to address.”

According to Gensler, if approved by the SEC chairman, he plans to work on “promoting innovation.”

In his opening speech, Gensler noted that markets and technologies are constantly changing and regulatory rules must keep pace.

“In my current role as a professor at MIT, I do research and teach the intersection of technology and finance. I believe that financial technology can be a powerful force for good – but only if we continue to use the SEC’s core values ​​for the benefit of investors, issuers and the public, ”he said.

Recall that the previous head of the SEC, Jay Clayton, left office on December 23, 2020, and Elad Roizman became acting.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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