SEC former Chairman Gary Gensler expressed his views on the cryptocurrency market in an interview with Bloomberg last month. According to him, the entire cryptocurrency asset class is inherently high-risk and characterized by volatile price swings. Interestingly, Gensler treats Bitcoin as an exception and points out that other altcoins are highly speculative. This statement highlights the difference between the SEC's regulatory stance and Bitcoin's position in the market. The commentary reported by Cointelegraph suggests that there is a clear distinction between Bitcoin and other assets in the regulatory environment of cryptocurrencies.
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SEC former Chairman Gary Gensler expressed his views on the cryptocurrency market in an interview with Bloomberg last month. According to him, the entire cryptocurrency asset class is inherently high-risk and characterized by volatile price swings. Interestingly, Gensler treats Bitcoin as an exception and points out that other altcoins are highly speculative. This statement highlights the difference between the SEC's regulatory stance and Bitcoin's position in the market. The commentary reported by Cointelegraph suggests that there is a clear distinction between Bitcoin and other assets in the regulatory environment of cryptocurrencies.