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Although the crypto space continues to be plagued with scams, hacks, and money laundering activities, AI presents more significant financial risks to US residents, according to Gensler.
Source: https://247wallst.com/investing/2023/08/03/gary-gensler-to-focus-on-ai-we-can-get-to-crypto-later/
But now, a new player has emerged on the scene – Good Gensler (GENSLR).
Despite suffering two setbacks in the court, the U.S. SEC chair Gary Gensler still believes that crypto assets are securities.
Gensler did not mince his words during a virtual appearance at the 2023 Global Exchange and Fintech Conference Thursday, demanding that crypto firms follow…
Gensler said that he'd asked the agency's staff to recommend how to address the issues.
Gensler told an event held by the U.S. Chamber of Commerce last month that he hoped the emissions disclosure rules, which received some 16,000 public comments, will survive any legal challenges once they are finalized and adopted.
Source: https://www.insurancejournal.com/news/national/2023/11/20/749004.htm
Gensler wants to kind of extend all those requirements to the crypto industry.
Source: https://www.nytimes.com/2023/03/03/podcasts/hard-fork-chatbot-tiktok-crypto.html
However, Gary Gensler, the SEC Chair, may intrude on that peace of mind.
New York Representative Ritchie Torres urged the US Securities and Exchange Commission (SEC) and its Chairman Gary Gensler after “crypto regulation by enforcement had a dreadful day in court.”
"No law or regulation authorizes the SEC to charge Coinbase for the alleged violations in the Wells notice," Grewal said, noting what he perceives as a change in view by SEC Chair Gary Gensler.
This dynamic may be, in part, why Gary Gensler, the chair of the Securities and Exchange Commission, told that every altcoin, including those related to stablecoins, is actually a security.
“Today’s predictive data analytics models provide an increasing ability to make predictions about each of us as individuals,” says SEC chairman Gary Gensler.
Source: https://www.city-journal.org/article/the-secs-wrongheaded-ai-crackdown
What are your thoughts on Gary Gensler?