SEC Chair Gensler: Crypto is a field 'that's been rife with fraud and manipulation'
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- Опубликовано: 8 сен 2024
- SEC Chair Gary Gensler joins 'Squawk Box' to discuss the approval decision of spot bitcoin ETFs, the state of bitcoin and cryptocurrency at large, crypto regulation, and more.
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No doubt being financially free and not having to worry much about health care and other expenses cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan
from a personal angle I'm aware continuing to invest in periods of higher volatility is a Smart way to build wealth.
indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.
I am actually in search of a good financial advisor because to be honest, I have little knowledge about making investments
Nathan Travis Cook
Gary shows the power structure of financial institutions are terrified of BTC
Gary's last comment of the video about Ethereum "I'm not gonna pre-judge it for you or the audience, that's something that a 5 member commission discusses or reviews"
The fate of Ethereum is in 5 members hands 😮
Swapping my ETH and swapping to AMZPKK. Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!
scammer.
SEC Chair Gensler: Crypto is a field 'that's been rife with fraud and manipulation@@SuicidalBabyTTV :D
Scam
The AMZPKK handles this year incredibly well, they outperform most others and the entry with 1 USD is better than anything else right now. Love the vision and progress in this one
scammer.
@@SuicidalBabyTTV Thank you for your service. Low life scammers are out of control in crypto.
These scamming bots are everywhere on YT.
Scam
Joe is the Real MVP
Joe is the only one asking the real questions!
The answer is yes. Yes, we do trust an open and transparent system without human decision makers over ones that have them.
Luv ya Joe...keep up the good fight
Thanks, Joe. He should watch what Gensler actually said to his MIT students. His tune was different, for sure.
He has his eyes set on being treasurer of the US, he needs political support
GG was “free” when he was an MIT professor, while now he is just a political puppet “hungry for more power and relevance”.
They should get Michael Saylor on to debate Gensler
Gensler knows exactly what bitcoin is and he was teaching a bitcoin/blockchain course at MIT.
@@alih.3422 yep. Watched a few hours of it a few years back. His opinion DOES matter. He isn't just some random member of state that has done no research into bitcoin, he actually gets it. Why is he against it? His boss Elizabeth Warren or he understands it, but he is just not for it. Either way, we have to respect what he says because he has actually put the work in to understand it. Do I agree with him? Nope. I'm with Michael Saylor on this one.
Good job Joe! Gensler has this all wrong...
That's a solid list! I'm also big on AMS54K , avalanche, algo, and matic too.
scammer
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Nice job pressing him, Joe!
You CUT OFF the end of the interview before commerical where Gary Gensler compares AI to a HAMMER (a tool you don't blame for bad actions). Then Joe Kernen stops him and says, it's ok for AI for not bitcoin? Gary says, well, bitcoin is a "non-security". (hey Gary, so is a hammer).
Do you have a link to the full interview?
We're still early guys
Most definitely
Ask Gary why Silicon Valley Bank was bailed out but nobody else bailed out
Good for Joe! I gained respect for him. He's right. The Chairman can't judge something's use-case without knowing the ratio of good vs bad activity is for the Chairman to say the USD should be outlawed bc of its prolific use in illegal activities.
@7:20 GG says speculative investing like this is a bad thing. Isn't everyone who invests in anything speculating. Forex, gold, stocks, housing etc.
Exactly. Do we trust it more than the currency? YES 900 Billion market cap of BTC also does
The US dollar never gets used by the cartels right?
All crypto transactions can get tracked. Can we say the same of other currencies?
So we shouldn't invest in bitcoin because some exchanges went bankrupt? Dozens of banks went bankrupt in the 2008 housing crash, does that mean we shouldn't have banks? Gensler never has any sound logic.
He never separates bitcoin network from crypto exchanges. If he’s trying to protect investors, he would clearly state the differences
If this video was posted without a title and you chose a random 10 seconds within the video you’d think they were talking about the dollar 😅
Is this the same guy, that taught at MIT , who was teaching a crypto course
Yup, that's him. Now he's been fudding crypto and BTC because his masters want him to and he wants to be in politics.
My man joe love the show asking real questions
The SEC is afraid of loosing control
Sorta like when SEC was making insider trades on crypto knowing what regulations were coming out?
There is not much to take away from this interview, they didn't even let Gary answer the questions in full
Because everyone besides boomer democrats who still don’t understand fintech and crypto is fed up with this man. Look into his conflicts of interest with vanguard and how he handled FTX. Look at his close ties with carolines father and how many times he met with them to build relations while attacking their competitors like Binance.
he said its not decentralised? but its not a secuirity? right?
Thanks Joe for trying to keep them honest and sharing facts.
Thank you Joe for holding Gary's feet to the fire, the SEC has had 14 years to provide clear regulatory guidelines.
I was hoping to listen to what Gary Gensler had to say on this interesting topic. Instead, all I could hear was Joe's frustration with SEC regulation of crypto. He literally did not allow Gary stick in a word. Why invite contributors to the show, Joe? Just have the three CNBC anchors tell the world how to run the markets and the economy in general. CNBC employees seem to think of themselves as the ultimate authority and judge of opinions. But that is not what I turn on the program for. Have the decency to at least listen to the guests you invite to the studio.
Bravo Joe… you know and tell the Truth, BTC is freedom!
This guy. Gary has to go. Joe is starting to be my favorite Bitcoin bull 🎉
Excellent work stopping Joe from talking.
I wonder how he has managed to keep his job
@5:15 "you have a central bank and support for each currency"
*you have a central bank which prints the currency and gives it to the government. By the time this newly printed money is filtered down to the public it has devalued the entire currency supply, making the public poorer. This is one of bitcoin's main selling points, because no entity has the ability to increase the rate of newly created bitcoin. This is why the government and banks hate it, because they have no control over it.
Just look at the history of every single fiat currency ever created. They ALL trend towards zero, as their central bank constantly prints more currency.
How is this chairman?
I LOVE it Joe, hold them to account for their hypocrisy! ❤🔥🔥
Yeah, he's been saying stuff like that for years. And I was stacking sats in OWNR wallet. And it doesn't seem like BTC is a fraud and manipulation, especially considering that ETF was recently approved.
Amazing how out of touch he is saying "it's just a clever ledger" missing the whole point of how that clever ledger separates money from control of the state.
Joe is so great. Way to push back !
Unlike the fiat system...
Well, we got Joe's opinion. It would have been nice to get Gary's opinion.
I was concerned after the ETF approval because as expected we went down a little but AMZPKK keeps everything strong and in place. These guys really know how to be convincing and the preparation all the years was so well done. Nothing will change in 2024 and nothing will come close to this incredible smart one. True believers for AMZPKK will have a good year
Way to go Joe. Way to step up for the community!
Let the man talk!
Joe Kernen, revealing much wisdom here. I used to get annoyed by his constant interrupting of guests. But Joe clearly gets Bitcoin.
Because there’s definitely no fraud or manipulation in the stock market 😂😂😂😂
centralized banks and governments are are not trustworthy when it comes to money. So yes BTC keeps everyone accountable. Let’s see the banks and the governments true ledger and make it public. I would be more open that they want to change for the better if that starts to happen
👍 Get him Joe!
Ransomware is his best argument? What a disgrace!
Yeah? And there is no such manipulation in the stock market? Ever hear of hedge funds? Gamestop?
Joe and Andrew sparring, always hilarious!
Just leaving this here.. My heart goes to the entire community for AMZPKK building up something which is worth it for everyone. This is so smart by them to launch and shatter the doubts and fears of the common folk, which was misplaced by all the drama we had last years. Everyone knows the state of inflation and recession now and the way out is already in progress. Now its just about catching the big fish, ya feelin?
So is life…
It’s funny how one of SECs jobs is to protect investors, but for years they sat on sidelines not getting involved with something that’s rife with fraud.
Joe is the only one who said anything of value here. Pure hot air from Gensler and the other CNBC hosts
Yes the centralized exchanges the sec was supposed to regulate were not and he’s like it’s fraud wtf Gary that’s your job to make sure you create regulation to prevent it.
Yeah he’s just trying to appease the bankers who will support him in his attempt to become the US treasurer one day
Not the best year but celebrating AMZPKK now! What a time to be alive guys, seriously
Really Gensler! Thanks Joe for being the rational one!
He's got a point with fraud, but this is mainly done by altcoin projects, not BTC.
Gary is a joke. No one takes him seriously anymore.
Why did it take the SEC seven years to approve a Bitcoin ETF?
I’m hoping to see bitcoin go over 70k!
Yes like fraud doesn’t exist with the American Dollar? We have a currency that we can just print endlessly! No fraud with that at all
Why did he change his tune from MIT days? would be a good question
Joe should be immediately promoted to head of CNBC. Hes the only one telling the truth.
I think Gary has confused crypto with our traditional market and banking systems. This guy is bought an paid for!
The man never ever says anything concrete EVER!
It's true that there has been a lot of manipulation and fraud in crypto but in part this was allowed to happen because there was no regulation. If you regulate things clearly then consumers can more easily see what is ok to invest in and what not. I mean it can still be a high risk product we buy but reducing risk the project one invests in is a fraud.
This was hilarious!! Glad Joe took Gensler to town!
Right and we never had a T-word problem until BTC. The US dollar had never funded nefarious activities. Is this really all they have?
This guy is just really bad at his job. One of the reasons there have been so many problems is because this guy is just bad at his job. Regulate with regulation not enforcement actions that are now failing in courts. When the courts are not only telling you the law isn't clear but that you're misinterpretting it over and over and over it speaks volumes.
💯
Just few days in AMZPKK is clearly setting up the new milestone! The only real way to counter the current recession is by acting on yourself, making own decisions and making sure that you got enough no matter what happens. If you trust conventional ways you might end up being homeless or worse at one day, seriously.. This is why I believe in projects like this one which are clearly there to make a difference and it starts right now
scammer
Loved how the newscaster finally called out Gary advocating for BTC by teaching at MIT🙌🏽
i wish that Joe would shut up and let mr gensler speak there is a man people should listen to he knows what he is talking about LET HIM SPEAK
Good try Garry, I'll put some more money in crypto
Gary’s just mad that he can’t steal my Bitcoin and send it over seas to fund a war that I didn’t vote for!!!
Fiat and real estate have also been rife with money laundering
Gensler should first take a look at all the naked short selling going on in plain sight everyday on the Nasdaq and NYSE.
Love the video. I am a believer for AMZPKK and follow it
scammer
When AMZPKK is less than $1 that is compared to BTC less than $1000. It will blow up like crazy
Hahah listen to the salty little haters 😂😂😂 Joe, keep it up!
Joe just coming in with the lefts and rights.
Fully believe into AMZPKK and the comeback for IOTA, they are promosing and the technology is just next level
He works for the Banks and not the consumers .. no push back on the lies
Gary looks like he's straight out of Star Wars.
Anyone have a link to the full interview?
ruclips.net/video/-dT1hPhtJFg/видео.htmlsi=AZC5Ktb2gqq55lDY
ruclips.net/video/MmDNR13pHgE/видео.htmlsi=2nGAKbujSgr1TGe8
I want to let you know that AMZPKK made it this year. Any better way to start a global change? Dont get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one
scammer
And, of course, the fiat system has no fraud or manipulation
Thank god that FIAT is so clean and perfect and it works. What a clown .
Can CNBC at least get an intelligent conservative or libertarian to play Devil's advocate?
Hey Gensler, No naked shorting on Bitcoin. Massive naked shorting on stocks.
As he is saying this he buying Bitcoin
Vote him out
Joe is the only one with the right questions.
This guy is out of his league. Bitcoin will outlive all of us.
yeah, like when he was meeting with ftx repeatedly
Crypto is like the Pokémon market. That "rare" Pokémon is not valuable because its rate. The "rare" because the manufacturers artifically limited the supply of cards.
If AMZPKK has the growth as it has atm then no doubts it will dominate the industry
Been collecting the AMZPKK this cycle as that has the right place in this time
scammer
I hope i one day run into Joe Kernen somewhere, no selfie, no chat no handshake needed, just want him to see my face say "Thanks Joe, you da Man"
AMZPKK is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets