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.

[@JoseGarcia-rl1iw]

Joe is the only one asking the real questions!

[@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.

[@Sanchyfab]

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

[@Switz6789]

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

[@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

[@Take_The_Ride]

scammer.

[@stephenoneill2844]

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

[@killsourenemy]

These scamming bots are everywhere on YT.

[@one1blue]

Scam

[@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!

[@Take_The_Ride]

scammer.

[@YokeRoel]

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

[@one1blue]

Scam

[@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 😮

[@bobthebuildaa]

Joe is the Real MVP

[@robertgunselman3932]

Luv ya Joe...keep up the good fight

[@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”.

[@cemoz0132]

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

[@GaelRuiz-r4d]

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

[@Take_The_Ride]

scammer

[@one1blue]

Scam

[@mrbmro3991]

They should get Michael Saylor on to debate Gensler

[@Ali_Crypto30]

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

[@mrbmro3991]

@@Ali_Crypto30 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.

[@williamhowell8140]

Nice job pressing him, Joe!

[@GaryLee123]

We're still early guys

[@germancastillo8685]

Most definitely

[@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.

[@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

[@lindsayheyer5297]

The SEC is afraid of loosing control

[@CryptoMeme]

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

[@donnellgreer8983]

My man joe love the show asking real questions

[@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?

[@tommyflynnmusic]

Joe is so great. Way to push back !

[@bwsumner]

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

[@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

[@zamalek1235]

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

[@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 😅

[@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

[@M5g_]

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

[@libertytv3417]

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

[@alanbird7803]

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

[@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.

[@BB-2383]

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

[@EarthUncutTV]

Joe and Andrew sparring, always hilarious!

[@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.

[@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.

[@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.

[@MerrittCW]

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

[@tombrown1515]

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

[@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

[@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.

[@primeix]

Let the man talk!

[@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?

[@lazyhazy7]

Gary is a joke. No one takes him seriously anymore.

[@bkblackmon1402]

👍 Get him Joe!

[@versant12]

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

[@Muzammil.S]

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

[@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.

[@roel209ful]

Vote him out

[@ljviper8460]

Ransomware is his best argument? What a disgrace!

[@Mightyzinger1]

How is this chairman?

[@markwilliams7091]

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

[@jebfagan594]

Unlike the fiat system...

[@rodolforoblesarredondo]

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

[@GautamSharma99991]

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

[@Shaddowkhan]

Joe just coming in with the lefts and rights.

[@timwalter6795]

As though Gensler has any credibility about anything......

[@djigglizer9480]

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!!!

[@gaelalexandersandovalsaldivar]

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

[@Take_The_Ride]

scammer

[@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

[@reachtrita]

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

[@lakeguy65616]

crypto has no intrinsic value, it is purely a speculative investment. Crypto is the beanie baby / pet rock of investments.

[@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

[@Take_The_Ride]

scammer

[@trentwalker7528]

Really Gensler! Thanks Joe for being the rational one!

[@LoRock1]

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

[@linsteven8132]

As he is saying this he buying Bitcoin

[@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

[@Take_The_Ride]

scammer

[@Lapatt_Blue]

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

[@KarinaRayón]

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

[@tedlasso5876]

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.

[@-illusion2d-116]

💯

[@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

[@pattheegreat]

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

[@luxonlabs]

Joe is the only one with the right questions.

[@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

[@JoseantonioArceluna]

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

[@andreashenke1468]

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

[@tiamat_023]

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?

[@Botsito1-w5p]

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

[@user-zy5eb1sc5q]

And, of course, the fiat system has no fraud or manipulation

[@EmilioGarcia-di7tj]

If AMZPKK has the growth as it has atm then no doubts it will dominate the industry

[@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

[@Take_The_Ride]

scammer

[@JohnWalker-r6f]

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

[@markjaramilloGTA]

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

[@cryptoengineer9930]

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

[@cristianfabianhernandez180]

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

[@Take_The_Ride]

scammer

[@GABY123-l7l]

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

[@mradventurer8104]

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.

[@precisionhealthcare7070]

Loved this 💪

[@cryptomerc6091]

I think Gary has confused crypto with our traditional market and banking systems. This guy is bought an paid for!

[@steve0ne11]

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

[@dennyjarafathescalante8997]

AMZPKK is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets

[@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

[@Take_The_Ride]

scammer

[@elyeyo286]

When AMZPKK is less than $1 that is compared to BTC less than $1000. It will blow up like crazy

[@nownomad]

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.

[@Derek-bg6rg]

AMS54K wins! Utility and superior speed, I’m all in! 🚀🚀🚀 GO AMS54K!

[@oyukiperez5845]

Don’t sleep on AMS54K. It’s going parabolic as we speak with LOTS of room to still run with its low market cap

[@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.

[@grog1473]

Investor protection??? Like his boy at FTX ,,😂🤣😂🤣🤡🍀🤡🤡🤡🤡🤡🤡🤡

[@botz77]

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

[@vincentaurelius2390]

Horrible to see the younger host on the side of Gensler trying to keep Joe from challenging him “Joe, we have a guest”.

[@emplore]

Joe kept interrupting.I mean what's the point of bringing a guest on if you don't let him speak.

[@helix1061]

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