US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, wished a happy birthday to Satoshi Nakamoto’s Bitcoin whitepaper. “It has led to crypto asset innovation and investment. Let’s make sure as cryptocurrencies enter their 15th year that investors are properly protected,” said the SEC Chairman.
SEC Chairman Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Birthday
Satoshi Nakamoto introduced Bitcoin to the world about 14 years ago today with the publication of a white paper on Bitcoin.
Many people tweeted happy birthday to the pseudonymous creator’s whitepaper, including US Securities and Exchange Commission (SEC) Chairman Gary Gensler. He wrote on October 31:
Happy 14th birthday with Satoshi Nakamoto’s official report! It has led to crypto asset innovation and investment. Make sure that when the cryptocurrency enters its 15th year, investors will receive proper protection.
At the time of writing, his tweet has received nearly 2,500 comments and more than 5,200 likes.
While some thank him for recognizing Satoshi Nakamoto’s important work, many argue that the SEC boss is not interested in crypto, with some accusing him of trolling. Some have urged Gensler to clarify crypto regulation. Some criticized him for not approving a bitcoin exchange-traded fund (ETF) while others reminded him that he has no authority over the crypto industry because Congress did not grant it. he powers.
Crypto lawyer and XRP advocate John Deaton replied to Gensler:
Don’t act like you wouldn’t subpoena Satoshi if you could.
Gensler has been criticized by lawmakers and industry participants for its enforcement-focused approach to regulating the cryptocurrency sector. Last month, he said that he asked SEC staff to refine crypto compliance. He wants to regulate the crypto sector using “a rule book”.
Many have urged him to provide clarity on crypto regulation but the SEC director has emphasized that the legislation is clear. He has repeatedly stated that bitcoin is a commodity while most other crypto tokens are securities.
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