{"id":820408,"date":"2025-01-16T11:12:04","date_gmt":"2025-01-16T17:12:04","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/sec-chair-gary-gensler-says-bitcoin-is-speculative-but-likens-it-to-gold\/"},"modified":"2025-01-16T11:12:04","modified_gmt":"2025-01-16T17:12:04","slug":"sec-chair-gary-gensler-says-bitcoin-is-speculative-but-likens-it-to-gold","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/sec-chair-gary-gensler-says-bitcoin-is-speculative-but-likens-it-to-gold\/","title":{"rendered":"SEC Chair Gary Gensler says Bitcoin is speculative but likens it to gold"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"159896\" data-url=\"https:\/\/cryptobriefing.com\/gensler-bitcoin-speculation-legacy\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">SEC Chair Gary Gensler says Bitcoin is speculative but likens it to gold<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-01-14T18:01:50+00:00\"><br \/>\n                        Jan. 14, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Ahead of stepping down, Gensler reflects on Bitcoin\u2019s volatility, compares it to gold, and discusses crypto oversight and ETFs in a CNBC interview.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/baf8bbba-0a56-4ad2-ba91-9c83bc269328.jpg\" alt=\"bitcoins SEC Chair Gary Gensler says Bitcoin is speculative but likens it to gold\" title=\"bitcoins http:\/\/cryptobriefing.com\/baf8bbba-0a56-4ad2-ba91-9c83bc269328.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: Evelyn Hockstein<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Gensler calls Bitcoin a speculative asset with global appeal, comparing its widespread interest to gold during his CNBC exit interview.<\/li>\n<li>Gensler warned that most tokens besides Bitcoin might be regulated under securities laws.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>SEC Chair Gary Gensler compared Bitcoin to gold in a CNBC \u201cSquawk Box\u201d<a href=\"https:\/\/www.youtube.com\/watch?v=TeXXHNwsoy4\" target=\"_blank\" rel=\"noopener nofollow noreferrer\"> interview<\/a> while discussing the digital asset\u2019s speculative nature ahead of his departure from the regulatory agency.<\/p>\n<blockquote>\n<p>\u201cBitcoin is a highly speculative, volatile asset,\u201d Gensler said. \u201cBut with 7 billion people around the globe wanting to trade it\u2014just like we\u2019ve had gold for 10,000 years\u2014we have Bitcoin. It might be something else in the future as well.\u201d<\/p>\n<\/blockquote>\n<p>Gensler, who will step down on January 20 as President-elect Trump takes office, reiterated that Bitcoin is not a security and emphasized that the SEC has never classified it as such.<\/p>\n<p>However, he warned that most tokens besides Bitcoin could be subject to securities laws, requiring proper disclosures to protect investors from fraud and manipulation.<\/p>\n<blockquote>\n<p>\u201cThis field, the crypto field, is highly speculative and has not been compliant with various laws, whether anti-money laundering, sanctions, or securities laws,\u201d Gensler said.<\/p>\n<\/blockquote>\n<p>His tenure saw the approval of Bitcoin and Ether ETFs, alongside broader financial market reforms including reduced settlement cycles and improved transparency in US Treasury trading.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>Gensler\u2019s tenure was marked by strong oversight of the crypto market, often drawing criticism from industry participants who felt the SEC relied heavily on enforcement actions rather than clear regulatory frameworks.<\/p>\n<p>Reflecting on his approach, Gensler emphasized that the agency operated within the laws set by Congress and acted to protect investors.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=SEC+Chair+Gary+Gensler+says+Bitcoin+is+speculative+but+likens+it+to+gold&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fgensler-bitcoin-speculation-legacy%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Estefano Gomez <a href=\"https:\/\/cryptobriefing.com\/gensler-bitcoin-speculation-legacy\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb SEC Chair Gary Gensler says Bitcoin is speculative but likens it to gold by Estefano Gomez Jan. 14, 2025 Ahead of stepping down, Gensler reflects on Bitcoin\u2019s volatility, compares it to gold, and discusses crypto oversight and ETFs in a CNBC interview. Photo: Evelyn Hockstein Key Takeaways Gensler calls Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":820409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31563,81431],"tags":[11476],"class_list":{"0":"post-820408","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chair","8":"category-gensler","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820408"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820409"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}