SEC Chair Gensler: Crypto is a field 'that's been rife with fraud and manipulation'

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.

[@GibsonJames-gr3on]

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.

[@Churchillhump2268]

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan

[@Churchillhump2268]

from a personal angle I'm aware continuing to invest in periods of higher volatility is a Smart way to build wealth.

[@V.stones]

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.

[@wehrine]

I am actually in search of a good financial advisor because to be honest, I have little knowledge about making investments

[@V.stones]

Nathan Travis Cook

[@beatrizibarra5743]

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!

[@SuicidalBabyTTV]

scammer.

[@YokeRoel]

SEC Chair Gensler: Crypto is a field 'that's been rife with fraud and manipulation@@SuicidalBabyTTV :D

[@one1blue]

Scam

[@dmv_23_10]

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

[@SuicidalBabyTTV]

scammer.

[@stephenoneill2844]

@@SuicidalBabyTTV Thank you for your service. Low life scammers are out of control in crypto.

[@killsourenemy]

These scamming bots are everywhere on YT.

[@one1blue]

Scam

[@bobthebuildaa]

Joe is the Real MVP

[@JoseGarcia-rl1iw]

Joe is the only one asking the real questions!

[@musiccreation1198]

Gary shows the power structure of financial institutions are terrified of BTC

[@colbybird4]

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 😮

[@Switz6789]

The answer is yes. Yes, we do trust an open and transparent system without human decision makers over ones that have them.

[@robertgunselman3932]

Luv ya Joe...keep up the good fight

[@cemozkilicci3738]

Good job Joe! Gensler has this all wrong...

[@JYthePE]

Thanks, Joe. He should watch what Gensler actually said to his MIT students. His tune was different, for sure.

[@DU85]

He has his eyes set on being treasurer of the US, he needs political support

[@gamanshoo]

GG was “free” when he was an MIT professor, while now he is just a political puppet “hungry for more power and relevance”.

[@user-bd1uu1bp4j]

That's a solid list! I'm also big on AMS54K , avalanche, algo, and matic too.

[@SuicidalBabyTTV]

scammer

[@one1blue]

Scam

[@mrbmro3991]

They should get Michael Saylor on to debate Gensler

[@alih.3422]

Gensler knows exactly what bitcoin is and he was teaching a bitcoin/blockchain course at MIT.

[@mrbmro3991]

@@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.

[@GaryLee123]

We're still early guys

[@germancastillo8685]

Most definitely

[@pixelroutine4609]

No, that's a sign that you're late. If anyone says that folks... run.

[@warrenbgray]

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).

[@Scott-iw8yr]

Do you have a link to the full interview?

[@gaving1755]

Ask Gary why Silicon Valley Bank was bailed out but nobody else bailed out

[@jayross3800]

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 😅

[@kamakazie-kronos668]

The US dollar never gets used by the cartels right? All crypto transactions can get tracked. Can we say the same of other currencies?

[@donnellgreer8983]

My man joe love the show asking real questions

[@billbo9761]

@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.

[@mrbmro3991]

Exactly. Do we trust it more than the currency? YES 900 Billion market cap of BTC also does

[@williamhowell8140]

Nice job pressing him, Joe!

[@tombrown1515]

he said its not decentralised? but its not a secuirity? right?

[@BrownConservativecapitalist1]

Is this the same guy, that taught at MIT , who was teaching a crypto course

[@ConsciousRebel85]

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.

[@alanbird7803]

Sorta like when SEC was making insider trades on crypto knowing what regulations were coming out?

[@bwsumner]

Thanks Joe for trying to keep them honest and sharing facts.

[@visitingdublin]

There is not much to take away from this interview, they didn't even let Gary answer the questions in full

[@peepingturtle2714]

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.

[@Mightyzinger1]

How is this chairman?

[@EarthUncutTV]

Joe and Andrew sparring, always hilarious!

[@gatsby8870]

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.

[@yurygrinev6645]

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.

[@ChristopherWalkenPUA]

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.

[@DU85]

He never separates bitcoin network from crypto exchanges. If he’s trying to protect investors, he would clearly state the differences

[@jebfagan594]

Unlike the fiat system...

[@M5g_]

Bravo Joe… you know and tell the Truth, BTC is freedom!

[@primeix]

Let the man talk!

[@lindsayheyer5297]

The SEC is afraid of loosing control

[@markwilliams7091]

Well, we got Joe's opinion. It would have been nice to get Gary's opinion.

[@libertytv3417]

Thank you Joe for holding Gary's feet to the fire, the SEC has had 14 years to provide clear regulatory guidelines.

[@billbo9761]

@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.

[@markjaramilloGTA]

Why did he change his tune from MIT days? would be a good question

[@Scott-iw8yr]

Anyone have a link to the full interview?

[@pattheegreat]

kzbin.info/www/bejne/Y5W3YpuGndl9fMksi=AZC5Ktb2gqq55lDY

[@Farid.Vahedi]

kzbin.info/www/bejne/g56nf4VnaNV7nacsi=2nGAKbujSgr1TGe8

[@tommyflynnmusic]

Joe is so great. Way to push back !

[@versant12]

Excellent work stopping Joe from talking. I wonder how he has managed to keep his job

[@steve0ne11]

Hahah listen to the salty little haters 😂😂😂 Joe, keep it up!

[@bkblackmon1402]

👍 Get him Joe!

[@david81663]

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.

[@zamalek1235]

I LOVE it Joe, hold them to account for their hypocrisy! ❤‍🔥🔥

[@CryptoMeme]

This guy. Gary has to go. Joe is starting to be my favorite Bitcoin bull 🎉

[@Tonysmithmusic]

yeah, like when he was meeting with ftx repeatedly

[@MerrittCW]

Way to go Joe. Way to step up for the community!

[@santiagodejesus7632]

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

[@Muzammil.S]

Joe Kernen, revealing much wisdom here. I used to get annoyed by his constant interrupting of guests. But Joe clearly gets Bitcoin.

[@pundol56]

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?

[@reachtrita]

I’m hoping to see bitcoin go over 70k!

[@precisionhealthcare7070]

Loved this 💪

[@gaelalexandersandovalsaldivar]

Love the video. I am a believer for AMZPKK and follow it

[@SuicidalBabyTTV]

scammer

[@LoRock1]

Loved how the newscaster finally called out Gary advocating for BTC by teaching at MIT🙌🏽

[@trentwalker7528]

Really Gensler! Thanks Joe for being the rational one!

[@user-gm1im2vx9o]

For me, participation in the Blocksailor token presale changed everything. Assemble the movement!

[@_Brennus]

Gary looks like he's straight out of Star Wars.

[@serenityofzen4407]

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.

[@tameratcmc1525]

nice job joy

[@thefuconcept2849]

Mr Gary. I’ve been waiting for you to regulate the shorting naked of our stock. Please look into that. Been waiting for three years. Even a common guy like me could see it. I was so excited that you became sec head a few years ago cause I think u would clean house.

[@luxonlabs]

Joe is the only one with the right questions.

[@Capitalcrypto1]

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.

[@DU85]

Yeah he’s just trying to appease the bankers who will support him in his attempt to become the US treasurer one day

[@GautamSharma99991]

Joe is the only one who said anything of value here. Pure hot air from Gensler and the other CNBC hosts

[@user-hn5si5uz9q]

2024 is really surprising me now that AMZPKK hit the road. After all these years of barely reading anything good I was usually just shutting down any type of media influence as much as I can but this brings back good lights and it should give hope to some of you that no matter what is going on in the world at the end something good comes to surface

[@jceli76]

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

[@roel209ful]

Vote him out

[@alexanderalcantara3932]

It would be great if you had a deep dive on the AMZPKK

[@SuicidalBabyTTV]

scammer

[@rodolforoblesarredondo]

Not the best year but celebrating AMZPKK now! What a time to be alive guys, seriously

[@gabigirlfriend]

Bullish on AMS54K ecosystem. Exciting developments in the works. AMS54K is one that sticks out 👍

[@eprn1n2]

So has the SEC, DOJ, FBI, NSA, IRS.

[@EstroyerToribio]

No more DCA if things are progressing and we are at the first step for new ATHs. Hopefully AMZPKK was the right pick as you recommended earlier

[@SuicidalBabyTTV]

scammer

[@linsteven8132]

As he is saying this he buying Bitcoin

[@josearmandosantoshernandez1773]

Blocksailor token is the talk of the town! 💰

[@willrose5424]

This is better at 2x playback speed.😉

[@cristianfabianhernandez180]

Been collecting the AMZPKK this cycle as that has the right place in this time

[@SuicidalBabyTTV]

scammer

[@helix1061]

Why did it take the SEC seven years to approve a Bitcoin ETF?

[@ljviper8460]

Ransomware is his best argument? What a disgrace!

[@BB-2383]

Yeah? And there is no such manipulation in the stock market? Ever hear of hedge funds? Gamestop?

[@CarlosHfam]

This was hilarious!! Glad Joe took Gensler to town!

[@user-hz8ny7dg8k]

Interesting talk about AMZPKK I suggest anyone to listen to the guy talking about it in the video. Personally I didnt think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh

[@SuicidalBabyTTV]

scammer

[@DiosaFree]

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

[@SuicidalBabyTTV]

scammer

[@irvingriosperez]

Can anyone explain AMZPKK? I am curious and wanna know

[@SuicidalBabyTTV]

scammer

[@darf8475]

Calling… hi is that Gary? Yes! Can you tell me how to be compliant please? No, not my job, see you in court! 😮

[@omarzepeda1312]

I believe the more know about AMZPKK the better for casuals and newcomers which is what we need as 90% or more are still highly skeptical to enter

[@andreashenke1468]

He's got a point with fraud, but this is mainly done by altcoin projects, not BTC.

[@ChristianMcGowan-tb6bv]

Time to buy moreeeeeeeeeee

[@didiersolano8307]

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

[@SuicidalBabyTTV]

scammer

[@user-un9xh7tz3r]

Fully believe into AMZPKK and the comeback for IOTA, they are promosing and the technology is just next level

[@NatalyGuelVillalobos]

Xeventy enthusiasts, the architects of crypto success!

[@cryptoengineer9930]

Joe should be immediately promoted to head of CNBC. Hes the only one telling the truth.

[@pedrocampos7827]

If AMZPKK is everywhere you should probably ask yourself why that is the case? Obviously the move we have here is beyond what we had in the last 10 years or so. This comes with a plan, a plan which will make us survive when we can finally make own decisions and start to become independent. I know it sounds a bit odd that THIS company out of all of them is endorsing this living style but if you follow the lead you might understand why and how that works. Im just leaving this here, might be useful to some

[@SuicidalBabyTTV]

scammer

[@Doty6String]

fire this man

[@24theMoney]

Hey Gensler, No naked shorting on Bitcoin. Massive naked shorting on stocks.

[@Lapatt_Blue]

Because there’s definitely no fraud or manipulation in the stock market 😂😂😂😂

[@bmo8898]

buying more, damn it

[@pattheegreat]

Good try Garry, I'll put some more money in crypto

[@jeffdoyle]

Good man Joe

[@botz77]

This guy is out of his league. Bitcoin will outlive all of us.

[@brianjohnson1346]

The man never ever says anything concrete EVER!