SEC Chair Gary Gensler joins ‘Squawk on the Street’ to discuss the agency’s lawsuit against crypto exchange Coinbase in New York federal court this morning, which comes on the heels of the SEC filing 13 charges Monday against Binance, the operator of the largest crypto asset trading platform in the world, and its founder Changpeng Zhao. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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40 Comments
How have coinbase & binance hurt public investors?
Mr Burns is projecting..
This scoundrel's concern with the public. It's so noble that it even thrills.
Gensler doesn't even understand what CBDC is and what's the difference towards normal money transfer is. Here in Europe we only laugh about the stupidity in the US which brings the country back to the 19th century. America is sooo afraid of new technologies, they ban Open Source, they ban science books in libraries, ban teaching about the big bang, they ban Chinese consumer electronics. they even tried to ban Linux and Android and now they ban cryptopcurrencies. This will simply isolate America. I'm fine with this.
Dear US: just build the wall and leave the world alone!
BAN THE WHOLE GARBAGE INDUSTRY THESE CROOKS HAVE BEEN AROUND WAY TOO LONG ENOUGH IS ENOUGH WITH THESE GARBAGE PONZI SCHEMES!!!
Remove Gary Gensler
Montage artita ponen tuitet hitorico
So there will never be a U.S. government coin/currency issued ever? Right?
what a disingenuous ass, Coinbase went through the SEC to become a public company. The SEC has blessed it, now he gives them non-specific demands. what a piece of garbage
🤡
He is full of BS he is a shake down artist nothing more and it's going to back fire on our country and drive crypto over seas
Can you please stop protecting me? I already got protected hard when my pink sheets went to 0 a few years ago from regulation. I don't need protected anymore.
Funny cause this guy's enabling the fed to go all digital currency
Loving these comments. It’s very clear that Gary Gensler and the SEC have their own agenda and do not protect the people they claim to serve. He is either a puppet or incompetent and I’m not sure which one is worse. CNBC please hold these people accountable and ask him the questions that the American people are asking.
Oh hell yeah, Cramer just called BTC a "greater fool" scam. To the moon!
Gensler's comments suggest that the SEC is taking a firm stance on enforcing compliance with existing securities laws, which could have significant implications for the future of the crypto industry. While cryptocurrencies offer potential benefits such as increased financial accessibility and efficiency, they also pose risks such as potential for fraud and manipulation, which regulators like the SEC are keen to mitigate.
Absolutely wrong man for the job he just be gone asap
Lol this troll is about to be fired, he's backed into a corner and about to lose the Ripple lawsuit. He's just lashing it like a child and pretending all traditional markets are honest.
Sec is corrupted and biggest scammer organization in the world , us citizens should abolish these unelected clowns out
We need alot more rope for the UN WHO SEC IMF WEF…
F the corrupt biden administration, how much money did you make with FTX Gary? The "PUBLIC" is careful about corrupt people like you Gary, blockchain is new technology and you know that, so how much were you bribed Gary?
Mm.
How come they allowed FTX to get away with stealing customers money
True, fair and what? Are you describing dark pool trading or crypto?
He speaks as if these companies are actively breaking laws, while trying to scare the public, but fails to provide a solution "just come in and talk…and apply…". It's too bad that innovative crypto is being forced out of the United States due to the agenda of this administration. In the long-term, this will do more harm than good to the United States.
this man does not belive a word that he is saying
Bitcoin only, that is the clarity. You're all just not listening.
seems like these old currencies are scared of crypto and how big it can get
Send this guy to jail
The value in these tokens is that there are less Gary Gensler type people involved in them = BETTER
Watch out for all those gengslers in the comments
You dont have authority to even do this
Clown
Howey test is straight forward. ETH etc. are all securities….pretty obvious…you just don't like the answer. Bitcoin is the only major one that will be 'legal' in US within a few years.
5:01 who is with him?
I think he is doing the right thing by cracking down on these self styled and unleashed exchanges.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $100K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
What a rat 🐀
Man F*** Gary for glory sake vengeance sake WAR….
Thanks Gary your killing us