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International Business Times
International Business Times
Business
Marvie Basilan

Broader Crypto Is Noncompliant, Should Prove Utility, But Bitcoin Has A Future: Gensler

Gary Gensler Bitcoin SEC Crypto Donald Trump Joe Kernen Paul Atkins Rostin Behnam CFTC Cryptocurrency
Gary Gensler is leaving the SEC on Inauguration Day. (Credit: AFP)

KEY POINTS

  • Gensler said beyond Bitcoin, crypto coins have only "hurt" investors over the years
  • He also called out other digital currencies for alleged "noncompliance"
  • The outgoing SEC chief believes $BTC has a future, but other digital assets should prove their utility
  • Gensler is leaving the SEC on January 20 and could be replaced by Trump nominee Paul Atkins

Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat in Tuesday interview as he was grilled about the financial regulator's litigation-first policy under his rule.

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