Gensler is stepping down from his position on January 20 He called Bitcoin a highly speculative volatile asset Gensler admitted to never owning any crypto CNBC anchor Joe Kernen’s interview with SEC Chair Gary Gensler was nothing short of spirited. With Gensler stepping down on January 20, their discussion offered pointed exchanges on crypto policies and Bitcoin’s classification. Gensler said that in terms of Bitcoin, the SEC never claimed it’s a security. However, after being pressed by Kernen to give his thoughts, he shared this: “I think Bitcoin is a highly speculative volatile asset, but with 7 billion people around the globe, 7 billion people want to trade it. Just like we had gold for 10,000 years, we have Bitcoin. It might be something else in the future as well.” He continued with his remarks on the crypto world, saying: “These other thousands of projects need to show their use case and show that they actually have fundamentals underlying them or they won’t persist.” After being (jokingly) grilled by Kernen that he owns Bitcoin, Gensler admitted he never owned any cryptos. Who is Gary Gensler? During his tenure as… The post SEC Chair Gary Gensler gets pressed on crypto in his final interview with Joe Kernen appeared first on Coin Edition .
