TechFlow news, September 27 — According to Coindesk, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated in a CNBC interview that Bitcoin is not a security, and investors can now express their views on Bitcoin through ETF products.
Gensler declined to comment on Trump's proposed U.S. Bitcoin strategic reserve plan, citing his responsibilities and considerations regarding the election season. He maintained that existing laws grant the SEC authority to regulate the cryptocurrency space, stating, "Not liking the rules doesn't mean there are no rules."
Gensler also pointed out that the cryptocurrency industry faces challenges in building trust, as several industry leaders have either gone to prison or faced bankruptcy. He emphasized that without investor protection and trust-building, innovative sectors cannot survive.
