Degen

Former SEC Chairman Gary Gensler spoke to CNBC about the future of digital assets, specifically Bitcoin, and the broader cryptocurrency market.

He noted the regulatory challenges facing the industry, noting that many of the tokens on the market fall under securities laws.

Gensler also stressed the importance of protecting investors from fraud and manipulation, saying, “Bitcoin is a very volatile asset, but given the global demand, people are trading it like gold.”

He also cited the SEC’s efforts to improve transparency and corporate governance in financial markets, predicting that the U.S. Treasury market will grow from $28 trillion to $35 to $36 trillion in the next four years. Pointing to possible changes in regulatory policies, Gensler expressed hope that the government’s new approach would help drive innovation in the cryptocurrency industry.