SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection

The president of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a blessed birthday. “It has led to innovation and crypto plus investing. Let’s marque definite arsenic crypto enters its 15th twelvemonth that investors get due protection,” said the SEC chairman.

SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday

Satoshi Nakamoto introduced Bitcoin to the satellite astir 14 years ago contiguous with the work of the Bitcoin whitepaper.

Many radical tweeted blessed day to the pseudonymous creator’s whitepaper, including the president of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. He wrote connected Oct. 31:

Happy 14th day to Satoshi Nakamoto’s whitepaper! It has led to innovation and crypto plus investing. Let’s marque definite arsenic crypto enters its 15th twelvemonth that investors get due protection.

At the clip of writing, his tweet has received astir 2,500 comments and has been liked much than 5,200 times.

While immoderate radical thanked him for recognizing Satoshi Nakamoto’s seminal work, galore claimed that the SEC brag doesn’t person crypto’s champion involvement successful mind, with immoderate accusing him of trolling. A fewer urged Gensler to clarify crypto regulation. Some slammed him for not approving a bitcoin exchange-traded money (ETF) portion others reminded him that helium doesn’t person jurisdiction implicit the crypto manufacture arsenic Congress has not granted him the authority.

Crypto lawyer and XRP protagonist John Deaton replied to Gensler:

Quit acting similar you wouldn’t manus Satoshi a subpoena if you could.

Gensler has been criticized by lawmakers and manufacture participants for his enforcement-centric approach to regulating the crypto sector. Last month, helium said helium has asked SEC unit to fine-tune crypto compliance. He wants to modulate the crypto assemblage utilizing “one regularisation book.”

Many radical person urged him to supply clarity connected crypto regularisation but the SEC main has insisted that the instrumentality is clear. He has stated connected respective occasions that bitcoin is simply a commodity portion astir different crypto tokens are securities.

What bash you deliberation astir the comments by SEC Chairman Gary Gensler? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.