BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Gary Gensler Slams Bitcoin Live on CNBC

by Sham
February 14, 2024
in Crypto, Opinion
A A
Gary Gensler Slams Bitcoin Live on CNBC
2
SHARES
Share on TwitterShare on Reddit
  • SEC Chair Gary Gensler continues to criticize Bitcoin for its role in ransomware attacks, despite approving several Bitcoin ETFs
  • Gensler has frequently highlighted Bitcoin’s use in illegal activities and views it as highly volatile and dangerous for most investors
  • In recent CNBC comments, Gensler definitively stated that Bitcoin has the leading market share for ransomware attacks, referring to it as a “speculative, volatile asset” used for crimes

SEC Chair Gary Gensler has once again criticized Bitcoin for its prominence in ransomware attacks. Speaking on CNBC, he stated that Bitcoin leads the market share for ransomware. This continues Gensler’s skeptical stance on cryptocurrencies despite approving several Bitcoin ETFs.

NEW: 🇺🇸 SEC Gary Gensler

– “#Bitcoin is the leading market share of ransomware”

– “$BTC is not that decentralized”

— BlockNews.com (@blocknewsdotcom) February 14, 2024

Gensler Maintains Criticism of Bitcoin’s Illicit Uses

Throughout his time as SEC Chair, Gensler has emphasized regulating cryptocurrencies and has frequently highlighted Bitcoin’s role in illegal activities like ransomware. He views the asset class as highly volatile and dangerous for most investors.

Even after greenlighting multiple Bitcoin spot ETFs, marking a major milestone for crypto, Gensler has stuck to his critical perspective. In a statement following the ETF approvals, he again associated Bitcoin with ransomware and other crimes.

Calls Bitcoin “Leading Ransomware” Market Share on CNBC

In his latest comments on CNBC, Gensler stated definitively that Bitcoin represents the top market share for ransomware attacks. He had made nearly identical remarks in his post-ETF statement.

In that statement, he referred to Bitcoin as a “speculative, volatile asset” used often for money laundering, sanctions evasion, ransomware, and terrorism financing. He was careful to say the ETF approvals were not endorsements of Bitcoin itself.

Conclusion

Despite warming up to institutional crypto investment vehicles, SEC Chair Gary Gensler maintains his anti-Bitcoin stance by connecting it to ransomware and criminal activity. His perspective continues to emphasize the risks over the benefits of cryptocurrency.

Tags: BitcoinBitcoin Spot ETFsCNBCGary Genslersec
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?
Crypto

JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?

May 30, 2025
Solana SOL Price Falls Below $160 with Memecoin Market Slump: Should You Sell or Buy Now?
Crypto

Solana SOL Price Falls Below $160 with Memecoin Market Slump: Should You Sell or Buy Now?

May 30, 2025
Load More

Related News

Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 years

These 3 Cryptos Could Become Industry Standards in the Next 5 years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.