SEC Chairman Gary Gensler Commenting On The 14th Anniversary Whitepaper Bitcoin, Here's What He Said!

Bitcoin Whitepaper made by Satoshi Nakamoto entered his 14th age. (Photo; Doc. Bitcoin)

JAKARTA - Chairman of the US Securities and Exchange Commission (SEC) Gary Gensler recently congratulated the whitepaper or Bitcoin white book written by Satoshi Nakamoto, the creator of BTC. Gensler made this remarks on October 31 yesterday.

As is known, Satoshi Nakamoto introduced Bitcoin to the world about 14 years ago today with the publication of Bitcoin whitepaper. Many people tweeted the Bitcoin whitepaper a happy birthday, including the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler. He wrote on October 31.

Happy 14th birthday to whitepaper Satoshi Nakamoto! This has led to innovation and investment in crypto assets. Let's make sure when crypto enters its 15th year that investors get the right protection," SEC chairman Gary Gensler said in a Twitter post.

While some people thanked him for admitting Satoshi Nakamoto's seminal work, many claimed that the SEC boss did not have the best interests of crypto in his mind, with some accusing him of trolling.

Some urged Gensler to clarify crypto regulations. Some criticized him for not approving the exchange-traded fund bitcoin (ETF) while others reminded him that he has no jurisdiction over the crypto industry because Congress has not authorized him.

On the other hand, the US regulator is also suing Ripple in court. Some time ago the SEC submitted a document of William Hinman's speech in 2018 regarding its controversial statement. Therefore, XRP supporters and John Deaton's lawyer also commented on Gensler's tweet.

"Stop acting like you won't give Satoshi a court call if you can," Deaton commented.

Gensler has been criticized by law enforcement lawmakers and industry players for its law enforcement approach centered on crypto-sector regulation. Last month, he said he had asked SEC staff to perfect crypto rules. He wants to regulate the sector using "one rule book," as reported by Bitcoin.com News.

Previously, the SEC chairman had stated that nearly 90 percent of cryptocurrencies were securities. On a number of occasions regulators also stated that Bitcoin is a commodity.