Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday – Says Let’s Make Sure Crypto Investors Are Properly Protected – Featured Bitcoin News
The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin Whitepaper a happy birthday. “It has led to innovation and investment in crypto assets. Let’s make sure that as crypto enters its 15th year, investors are properly protected,” the SEC chairman said.
SEC Chairman Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday
Satoshi Nakamoto introduced Bitcoin to the world about 14 years ago today with the release of the Bitcoin Whitepaper.
Many 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 Anniversary to Satoshi Nakamoto’s Whitepaper! It has led to innovation and investment in crypto assets. Let’s make sure investors are properly protected as crypto enters its 15th year.
At the time of writing, his tweet has received nearly 2,500 comments and been liked more than 5,200 times.
While some people thanked him for recognizing Satoshi Nakamoto’s pioneering work, many argued that the SEC chief does not have crypto’s best interests at heart, and some accused him of trolling. A few 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 jurisdiction over the crypto industry, since Congress has not given him the authority.
Crypto lawyer and XRP supporter John Deaton responded to Gensler:
Stop acting like you wouldn’t subpoena Satoshi if you could.
Gensler has been criticized by lawmakers and industry participants for his enforcement-centric approach to regulating the crypto sector. Last month, he said he has asked SEC staff to fine-tune crypto compliance. He wants to regulate the crypto sector using “one rulebook”.
Many people have called on him to provide clarity on crypto regulation, but the SEC chief has insisted that the law is clear. He has stated on several occasions that bitcoin is a commodity while most other crypto tokens are securities.
What do you think of SEC Chairman Gary Gensler’s comments? Let us know in the comments section below.
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