{"id":38247,"date":"2021-03-03T09:56:09","date_gmt":"2021-03-03T07:56:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38247"},"modified":"2025-08-30T03:40:17","modified_gmt":"2025-08-30T00:40:17","slug":"gary-gensler-sec-chair-candidate-calls-bitcoin-a-catalyst-for-change","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gary-gensler-sec-chair-candidate-calls-bitcoin-a-catalyst-for-change\/","title":{"rendered":"Gary Gensler, SEC chair candidate, calls Bitcoin a &#8216;catalyst for change&#8217;."},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/gary-gensler-nominated-to-chair-the-sec\">Nominated<\/a> by President Joe Biden to head the U.S. Securities and Exchange Commission (SEC), financier Gary Gensler spoke positively about blockchain, Bitcoin and cryptocurrencies.<!--more--><\/p>\n<p>Speaking at confirmation hearings before the Senate Banking Committee, Gensler described digital gold as &#8216;a catalyst for change&#8217;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">SEC Chair nominee, Gary Gensler:<\/p>\n<p>\u00ab<a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they\u2019ve also raised new issues of investor protection\u2026 If confirmed at the SEC, I will work to promote innovation\u00bb <a href=\\\"https:\/\/t.co\/AlAsUPJONY\\\">pic.twitter.com\/AlAsUPJONY<\/a><\/p>\n<p>\u2014 Bloqport (@Bloqport) <a href=\\\"https:\/\/twitter.com\/Bloqport\/status\/1366793279262650370?ref_src=twsrc%5Etfw\\\">March 2, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In response to a question from Senator Mike Rounds, he added:<\/p>\n<blockquote>\n<p>&#8220;Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they have also raised new investor-protection questions that we still need to address.&#8221;<\/p>\n<\/blockquote>\n<p>According to Gensler, if confirmed as SEC chair, he plans to work on &#8216;promoting innovation&#8217;.<\/p>\n<p>In his <a href=\\\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/Gensler%20Testimony%203-2-21.pdf\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">opening remarks<\/a>, Gensler noted that markets and technologies are constantly changing and regulatory rules must be able to keep pace.<\/p>\n<blockquote>\n<p>&#8220;In my current role as a professor at the Massachusetts Institute of Technology, I conduct research and teach at the intersection of technology and finance. I believe fintech can be a powerful force for good \u2014 but only if we continue to uphold the SEC&#8217;s core values in the interests of investors, issuers and the public,&#8221; he said.<\/p>\n<\/blockquote>\n<p>As a reminder, former SEC chairman Jay Clayton <a href=\"https:\/\/u1f987.com\/en\/news\/jay-clayton-steps-down-as-head-of-the-u-s-sec\">left the post on December 23, 2020<\/a>, with <a href=\"https:\/\/u1f987.com\/en\/news\/elad-roisman-named-acting-chair-of-the-sec\">Elad Roisman<\/a> serving as acting chair.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 all the news stream, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nominated by President Joe Biden to head the U.S. Securities and Exchange Commission (SEC), Gary Gensler spoke positively about blockchain, Bitcoin and cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":38248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1181,36,128],"class_list":["post-38247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gary-gensler","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38247"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38247\/revisions"}],"predecessor-version":[{"id":38249,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38247\/revisions\/38249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38248"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}