SEC Chairman secretly wishes Bitcoin a happy 16th birthday, remains silent on Trump's dismissal and WLF.

Since taking office in 2021, Securities and Exchange Commission (SEC) Chairman Gary Gensler has had a fluctuating stance on cryptocurrency. In a recent interview, Gensler stated that the SEC will continue to regulate cryptocurrencies through enforcement actions and wished Bitcoin a happy 16th birthday.

Bitcoin Turns 16, Regulators Maintain Stance

During an interview, SEC Chairman Gary Gensler first wished Bitcoin a happy 16th birthday and then commended its development since its inception in 2008. However, Gensler later stated that the SEC's regulatory approach to cryptocurrencies will not change, emphasizing that it is to protect investor interests and promote market development.

Gensler believes that blockchain technology, such as Bitcoin, does not conflict with existing securities laws and that both can coexist. He stated that the issue lies not in the technology itself but in whether the cryptocurrency market can achieve information transparency, which is crucial. Additionally, Gensler mentioned conflicts of interest in the cryptocurrency market, indicating that some projects may engage in unfair practices that could harm investors' interests.

SEC's Future Regulatory Plans

Gensler also mentioned that the SEC is undergoing various regulatory reforms, including in core markets such as government debt and stocks, emphasizing that the SEC's goal is to reduce costs through market competition and enhance market transparency and stability.

Gensler also noted that over the past three years, more than 40 reform plans have been completed, with many more rules being studied and promoted in the future. In response to concerns about whether the SEC relies solely on "enforcement" to drive regulation, Gensler stated that the SEC has always conducted regulation based on legal judgments but ultimately needs Congress to establish clearer regulations to support their work.

No Comment on Trump's Dismissal Upon Taking Office and the WLF Project

During the interview, reporters asked Gensler about his views on the 2024 U.S. presidential election, especially Trump's promise to dismiss Gensler on his first day in office if elected. Gensler declined to comment on this matter and did not express any opinion on Trump's World Liberty Financial project.

Is Gary Gensler on the way out? Insiders reveal that Hester Peirce is considering two candidates to succeed as SEC chairman.