US Securities and Exchange Commission (SEC) Chairman Gary Gensler’s term is set to end on January 20, resigning as the new Trump administration settles into the White House. President-elect Donald Trump has chosen former SEC Commissioner Paul Atkins as his nominee to lead the regulatory agency.
SEC Chairman Gensler sits down with Yahoo Finance Senior Reporter Jennifer Schonberger to discuss his legacy and key accomplishments leading the agency, from capital markets regulation and securities SEC cryptocurrency frameworks. When asked about the crypto community’s role in propelling Trump to a 2024 election victory, Gensler notes:
“I think voters are smart enough to know and they were voting on other things, other pocketbook issues, whether it’s inflation or other issues, economic issues. I haven’t seen any indication that crypto is what pushed people one way or the other (to the polls).”
Spot Bitcoin ETFs (BTC-USD) attracted over $36 billion in investor inflows in 2024 after the funds were approved early last year. Gensler notes that the SEC has never identified crypto assets like Bitcoin and Ethereum (ETH-USD) as securities, which leads him to think: “At the end of the day, you need fundamentals. If you really want to think about it, these are not only highly speculative, but across thousands and thousands of projects you have to ask yourself what is their real use case? What is their value proposition? »
Gensler to weigh in on Coinbase’s (COIN) own efforts toward crypto regulation, the Federal Reserve’s stance on investing in a strategic Bitcoin reserve, the future of intelligence guardrails artificial and the robustness of the US Treasury bond market (^TYX, ^TNX, ^FVX) in another financial crisis.
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This message was written by Luke Carberry Mogan.
