Gary Gensler says the presidential election wasn’t about crypto money
The SEC chair is set to leave office in six days, the same day Donald Trump is scheduled to be inaugurated as president in Washington, DC.
US Securities and Exchange Commission Chair Gary Gensler, scheduled to leave the regulatory body in six days, said the outcome of the 2024 presidential election didn’t come down to money from crypto interest groups.
In a Jan. 14 interview with CNBC‘s Andrew Ross Sorkin on Squawk Box, Gensler said he thought it was unlikely that crypto-focused voters and money from digital asset interest groups swung the US election for President-elect Donald Trump.
The SEC chair, who will be leaving office the same day of Trump’s inauguration, pivoted in the interview to previous talking points about investor protection during his time leading the commission.
“I think this election, though as you point out, there was money raised from the crypto field, I don’t think that’s what this election was about,” said Gensler. “This field, the crypto field, a highly speculative field, has not been compliant with various laws, whether it’s any money laundering laws, sanctions laws, or in our case, securities laws.”
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Author: Turner Wright
