Congressman Criticizes SEC Chair Gensler Over Bitcoin Regulations
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
U.S. Congressman Warren Davidson has vocally criticized SEC Chair Gary Gensler, accusing the SEC of deliberately hindering Bitcoin ownership.
Davidson emphasized the substantial consumer interest in Bitcoin, which he noted has amassed over a trillion dollars.
JUST IN: 🇺🇸 US Congressman Warren Davidson says Gary Gensler and the SEC “has willfully undermined the ability to custody” #Bitcoin
“It’s over a trillion dollars just for Bitcoin…clearly lots of consumers find value in this space.” 👀
— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024
His remarks reflect increasing frustration within the cryptocurrency community regarding regulatory actions.
As Bitcoin sees notable price fluctuations, this criticism underscores the growing discord between lawmakers and regulatory agencies, particularly as Bitcoin’s market strength becomes increasingly apparent.
Read More:
Currently, Bitcoin is priced at $63,300, marking a 9.3% increase over the past 7 days. The trading volume reached $42.1 billion, and the market cap stands at approximately $1.25 trillion.
Historically, Bitcoin has struggled in September, but it has surged over 8% this month, fostering optimistic expectations for Q4.
Commentaries 
Fill in necessary fields and publish