Gary Gensler Zegt Bitcoin An Echt

The new Sec Chairman explains that “Nakamoto’s invention is real,” while the exchange warns against trading securities of digital assets.
Gary Gensler, the new chairman of the Securities and Exchange Commission (SEC), confirmed the invention and legacy of bitcoin in his first speech on the issue on August 3. Speaking about his recent time as MIT’s professor of global economic practice (MIT) and a senior advisor to MIT’s Digital Currency Initiative, Gensler said: “I think it’s important to understand that this is not the case…I’ve come to believe that Nakamoto’s innovation is real, even though there’s a lot of hype lurking in the cryptosphere as reality. Moreover, this has remained, and may remain, the catalyst for changes in finance and money.”
Gensler is best known in the financial sector as the former head of the commodities and Futures Trading Commission (CFTC) from 2009-2014, where he decried the agency’s derivatives regulations after the global financial crisis. Gensler, a successful Goldman Sachs investment banker for two decades, was a key member of Biden’s transition team, where he helped draw up plans for U.S. financial regulators.
The speech at the Aspen Security Institute comes just days after the Senate brought the nation’s attention to debates over IRS tax reporting requirements for digital currency and a new bill in the U.S. House of Representatives. Just days after Gensler’s allegations about bitcoin and the industry, the SEC’s lawsuit against Poloniex to function as an “unregulated digital asset exchange” made it clear that a new sheriff had emerged in the city of shifropunks.
The conundrum for me is this: Nakamoto, as a leader of fundamental thinking in the field of Financial Services, emphasized in his Gensler speech the critical importance of bitcoin for the future impact of global financial markets. Gensler explained his deep understanding of both technology and historical context: “Nakamoto solved two mysteries that plagued these cryptographers

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