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SEC Chairman Felicitates With Crypto Community On The 14th Anniversary Of Bitcoin Whitepaper 

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Gensler says happy anniversary to Bitcoin whitepaper.

With yesterday marking another anniversary of Satoshi Nakamoto’s Bitcoin (BTC) whitepaper, many crypto enthusiasts celebrated the birthday of a document that laid the foundation of a major industry. 

Surprisingly, the Chairman of the Securities and Exchange Commission (SEC) Gary Gensler also joined members of the crypto community to celebrate the anniversary of the Bitcoin whitepaper. 

“Happy 14th birthday to Satoshi Nakamoto’s whitepaper!” Gensler tweeted. 

He noted that the release of the Bitcoin whitepaper by the pseudonymous BTC creator has given birth to “innovation and cryptocurrency investing.” 

The SEC boss said there is a need to ensure cryptocurrency investors are protected as the industry approaches its 15th anniversary. 

“Let’s make sure as crypto enters its 15th year that investors get proper protection,” Gensler added. 

Crypto Community Reacts

The tweet has received mixed reactions from cryptocurrency investors. Some investors expressed gratitude to Gensler for recognizing a significant crypto event like the publication of the Bitcoin whitepaper. 

However, other crypto enthusiasts hurled insults at Gensler due to his regulatory approach in the emerging market. 

SEC Not Protecting Investors?

A large percentage of crypto investors do not believe the SEC, under Gensler’s leadership, is committed to protecting their interests. 

The agency has been slammed for protecting its interests at the expense of U.S. investors. The SEC claims that the vast majority of cryptos are securities without providing further explanation to back the comment. Crypto stakeholders have repeatedly called on the SEC to provide clearer regulations. 

However, the Securities and Exchange Commission thinks the law is clear on what constitutes a security. Both lawmakers and industry participants have criticized Gensler for preferring regulation by enforcement over regulations by rules. These allegations do not seem to bother Gensler, as he continues his quest to control the entire crypto industry. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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