Gary Gensler, the chairman of the US Securities and Exchange Commission, revealed in an interview with Fortune magazine that he did not spend most of his time on virtual currencies. After Hillary Clinton's defeat, Gensler was invited to teach at the Massachusetts Institute of Technology (MIT), where he stated that he would "try to remain neutral and not take a bullish or bearish stance on Bitcoin." The US Securities and Exchange Commission stated that it sued multiple Bitcoin exchanges, including Coinbase, because the virtual currencies they traded were not registered as securities and there were other illegal activities. Gensler believes that the Hong Kong action is clearly within the jurisdiction of the US Securities and Exchange Commission.
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Fortune Magazine: U.S. SEC Chairman Gary Gensler once stated that he is “neither bullish nor bearish on Bitcoin.”
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