Bitcoin’s Fate Uncertain as SEC Chief Gary Gensler States “It's Unlikely… to Be a Currency” During Law Student Debate
SEC Chairman Gary Gensler expressed skepticism about Bitcoin and cryptocurrencies being widely adopted as payment, suggesting they are more likely to be viewed as a store of value. He faced tough questions from law students and former SEC Commissioner Robert Jackson Jr. regarding the Howey Test and emphasized the importance of regulatory oversight to protect investors.