Fun

SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection

News Feed - 2022-11-01 09:11:46

SEC Chair Gensler Wishes Satoshi Nakamoto"s Bitcoin Whitepaper Happy Birthday — Says Let"s Make Sure Crypto Investors Get Proper Protection


The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday


Satoshi Nakamoto introduced Bitcoin to the world approximately 14 years ago today with the publication of the Bitcoin whitepaper.


Many people tweeted happy birthday to the pseudonymous creator’s whitepaper, including the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. He wrote on Oct. 31: Happy 14th birthday to Satoshi Nakamoto’s whitepaper! It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection.


At the time of writing, his tweet has received nearly 2,500 comments and has been liked more than 5,200 times.


While some people thanked him for recognizing Satoshi Nakamoto’s seminal work, many claimed that the SEC boss doesn’t have crypto’s best interest in mind, with some accusing him of trolling. A few urged Gensler to clarify crypto regulation. Some slammed him for not approving a bitcoin exchange-traded fund (ETF) while others reminded him that he doesn’t have jurisdiction over the crypto industry as Congress has not granted him the authority.


Crypto lawyer and XRP supporter John Deaton replied to Gensler: Quit acting like you wouldn’t hand Satoshi a subpoena if you could.


Gensler has been criticized by lawmakers and industry participants for his enforcement-centric approach to regulating the crypto sector. Last month, he said he has asked SEC staff to fine-tune crypto compliance. He wants to regulate the crypto sector using “one rule book.”


Many people have urged him to provide clarity on crypto regulation but the SEC chief has insisted that the law is clear. He has stated on several occasions that bitcoin is a commodity while most other crypto tokens are securities. Tags in this story anniversary bitcoin whitepaper, bitcoin whitepaper, Gary Gensler, Gary Gensler Satoshi Nakamoto, Satoshi Nakamoto, Satoshi Nakamoto bitcoin whitepaper anniversary, Satoshi Nakamoto happy birthday, sec chair, SEC chair Satoshi Nakamoto, sec chairman


What do you think about the comments by SEC Chairman Gary Gensler? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Indian Central Bank RBI Begins First Digital Rupee Pilot Today REGULATION | 4 hours ago Argentine Tax Authority AFIP Notified 4,000 Crypto Holders to Amend Their Tax Statements REGULATION | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin․com Expands Access to DeFi With Public Sale of Ecosystem Utility Token VERSE Next articleIndia’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Bitcoin.com Unlocks Earn on Crypto
Bitcoin.com Unlocks Earn on Crypto Bitcoin.comis integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar sta
Web3 ecosystem thrives as AI DApps capture 28% market share
Amaka Nwaokocha1 hour agoWeb3 ecosystem thrives as AI DApps capture 28% market shareAI-based DApps have not only overtaken gaming but also set the stage for future innovations in the decentralized application space.587 T
Galileo Exchange Presents the GLT Token and Introduces ‘Zero Edge’ Trading
Galileo Exchange Presents the GLT Token and Introduces ‘Zero Edge’ Trading sponsored Galileo Exchange is an innovative ‘hybrid’ trading platform b
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates sponsored Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The
Tom Mitchelhill8 hours agoElon Musk’s X moves closer to crypto payments with new state licenseRegulators from Rhode Island have approved X’s application for a currency transmitter license.4207 Total views30 Total sha
Super Sushi Samurai token plunges 99% due to double-spending glitch
Zhiyuan Sun5 hours agoSuper Sushi Samurai token plunges 99% due to double-spending glitchOver $4.8 million was withdrawn from its liquidity pool by a self-proclaimed white hat hacker.773 Total views9 Total sharesListen t
Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io
Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io sponsored Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token),
Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending
Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending A lot has changed since the coronavirus pandemic swept the globe as it has caused a
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor NovogratzBitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but
Square Enix Contemplates ‘Robust Entry’ Into Blockchain Games as Part of Business Strategy
Square Enix Contemplates "Robust Entry" Into Blockchain Games as Part of Business Strategy Square Enix, one of the biggest developers and publishers in the gaming world, has acknow
Is Bitcoin repeating its 2020 breakout? Here’s why $92.5K might be the next target
Yashu Gola15 minutes agoIs Bitcoin repeating its 2020 breakout? Here’s why $92.5K might be the next targetRising Bitcoin ETF inflows and increasingly favorable technicals suggest that BTC price might rise above $90,000
Blockchain gets down and dirty fighting fraud at California’s DMV
Andrew Singer11 hours agoBlockchain gets down and dirty fighting fraud at California’s DMVIt’s not the world’s first chain-based property transfer protocol, but it could be one of the most impactful, given its scal