- BTC Price at the time of writing – $20,416.05
- Gensler wants to regulate the crypto sector using one rule book
- People have urged him to provide clarity on crypto Regulations
The Bitcoin whitepaper written by Satoshi Nakamoto has received birthday wishes from Gary Gensler, chairman of the Securities and Exchange Commission (SEC) in the United States.
Innovation and crypto asset investing have resulted from it. The chairman of the SEC declared that they’ll make sure that investors get proper protection as crypto enters its 15th year.
SEC Chair Gary Gensler wishes Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. With the publication of the Bitcoin whitepaper, Satoshi Nakamoto introduced Bitcoin to the world approximately 14 years ago today.
The tweet has received nearly 2,500 comments
The pseudonymous author’s whitepaper received a number of happy birthday tweets, including Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC).
His tweet has been liked more than 5,200 times and received nearly 2,500 comments as of this writing.
While some thanked him for recognizing Satoshi Nakamoto’s seminal work, others claimed that the SEC boss doesn’t care about crypto and is a liar. A few people asked Gensler to make crypto regulation clearer.
Some people criticized him for not approving a bitcoin exchange-traded fund (ETF), while others reminded him that Congress has not given him authority to oversee the cryptocurrency industry.
John Deaton, a supporter of XRP and a crypto lawyer, responded to Gensler that don’t pretend you wouldn’t serve Satoshi with a subpoena if you could.
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Bitcoin is a commodity – Gensler
Legislators and industry participants have criticized Gensler’s enforcement-focused approach to regulating the cryptocurrency industry.
He said last month that he had asked SEC employees to improve crypto compliance. He wants to use “one rule book” to regulate the crypto industry.
Numerous individuals have urged him to clarify crypto regulation, but the head of the SEC has insisted that the law is clear. He has stated numerous times that the majority of other cryptocurrency tokens are securities while bitcoin is a commodity.
Source: https://www.thecoinrepublic.com/2022/11/01/gensler-wishes-satoshi-nakamotos-bitcoin-whitepaper-happy-birthday/