SEC Chairman Gary Gensler wished Bitcoin BTC/USD a “Happy Sweet Sixteen” ahead of the white paper’s anniversary.
What happened: In an interview with Bloomberg Technology on Tuesday, Gensler said, “This Halloween marks 16 years since Satoshi Nakamoto wrote that white paper. I’m very happy, 16 wonderful years have passed. It ends with that,” he said.
Arguably the most important manuscript in the world of cryptocurrencies and blockchain, the Bitcoin Whitepaper was originally published by its mysterious creator on October 31, 2008.
In response to a question about the progress of regulatory developments in the cryptocurrency industry, the SEC chief said that distributed ledger technology and securities laws are not mutually exclusive, and that investors, like investors in other markets, should be aware of the associated consequences. He said he had a right to understand the risks.
“We have seen challenges in this sector where many people are losing money. Gensler added.
SEE ALSO: Amid Kamala Harris and Trump’s Polymarket Hype, CFTC Chair Warns of Becoming an ‘Election Cop’ — Seeks Action from Congress on Cryptocurrency and Election Gambling
Why it matters: The SEC, led by Gensler, is increasingly wary of crypto companies, many of which have faced lawsuits in recent years, including Binance, Ripple Labs and Coinbase.
Influential crypto advocates like Mark Cuban and Anthony Scaramucci have harshly criticized Gensler’s policies.
Additionally, Republican members of the five-member committee, Mark Ueda and Hester Peirce, publicly acknowledged the SEC’s “enforcement regulation” policy regarding the industry.
Mr. Gensler’s leadership has also become an election issue for the crypto community. Republican presidential candidate Donald Trump has vowed to fire the SEC chairman if he is voted back into office.
Photo: Created with images from Third Way Think Tank on Shutterstock and Flickr
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