Gary Gensler, who served as SEC Chairman from 2021 to 2025, continues to maintain a tough stance on the cryptocurrency industry. In an interview on September 17th on CNBC, he asserted that most tokens rely on “hype and market sentiment” rather than solid fundamentals, except for Bitcoin.
During his term, #Gensler became famous for his “regulation by enforcement” approach, bringing many high-profile lawsuits against exchanges like Binance and Coinbase, while classifying many cryptocurrencies as securities. He was also accused of participating in “Operation Chokepoint 2.0” – a campaign to indirectly tighten the cryptocurrency industry.
However, since #DonaldTrump taking office, Gensler's successor Paul Atkins has completely changed the direction. With a philosophy of 'light regulation', Atkins promotes a legal framework to help crypto develop, including the SEC approving a common standard for crypto ETFs – allowing funds to meet the conditions to be approved within 75 days. The U.S. Congress has also passed the stablecoin bill 'Genius Act', marking a historic turning point for the industry.
In the context of Bitcoin nearing its all-time high and ETF products continuously emerging, Gensler's conservative stance further highlights the stark contrast with the current policy, as the U.S. shifts towards supporting a more friendly legal framework for the crypto market.
👉 This opens a new phase, where investors on Binance and globally have more opportunities to access legitimate, transparent, and easier crypto products.
⚠️ Note: The cryptocurrency market always carries high risks. Investors need to consider carefully before participating. #anh_ba_cong
