In a farewell interview with CNBC, Gary Gensler, the chairman of the SEC, discussed his tenure and views on cryptocurrencies. Gensler acknowledged that his predecessor, Jay Clayton, brought up numerous cases during his tenure, indicating that the new Trump administration is unlikely to tolerate lawbreakers in the crypto industry. He emphasized that most cryptocurrency projects must adhere to securities laws, even though they were not created with cryptocurrencies in mind. Gensler sees cryptocurrencies as a threat to the investing public and believes exchanges trade against their customers. He compared Bitcoin to gold and noted its volatility but admitted he couldn't predict its future value. Despite Gensler's attempts to regulate and fight Bitcoin, its popularity has continued to grow. Gensler's role as SEC chair has been marked by legal battles with major crypto companies while overlooking other issues. After retiring, it remains uncertain what Gensler's future relationship with Bitcoin will be.



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