Gensler Differentiates Bitcoin from Other Crypto Assets

In a recent interview, former SEC Chairman Gary Gensler clarified his stance on the volatile crypto market. While emphasizing that most cryptocurrencies are speculative and prone to pump-and-dump schemes, he singled out Bitcoin as an exception. Gensler explained that while other tokens lack clear use cases or proper regulatory frameworks, Bitcoin exhibits characteristics more akin to a digital commodity due to its established use as a store of value. His comments come amidst heightened regulatory scrutiny for the crypto industry in the US.