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During Halloween, Gary Gensler requests that cryptocurrency companies cease "tricking" investors


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    Gary Gensler Asks Crypto Firms To Stop “Tricking” Investors on Halloween

    Gary Gensler Asks Crypto Firms To Stop “Tricking” Investors on Halloween

    The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator, Satoshi Nakamoto, would be identifiable in a Halloween costume.

    On October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.

    In a Twitter post, Gensler reminded crypto companies to adhere to securities laws, saying: “Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.”

    Under Gensler's leadership, the SEC has taken a strong stance against the digital asset industry, suing major crypto players such as Binance, Coinbase and Kraken.

    The main source of concern for Gensler is the purported sale of unregistered securities by crypto firms. Critics, including industry leaders and lawmakers, have accused Gensler of creating regulatory ambiguity and hindering innovation. This comes as the SEC is reviewing numerous spot Bitcoin ETFs, as the crypto industry is closely monitoring this event.

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