SEC’s Gary Gensler says he has never owned crypto

04/19 06:31

According to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler stated that he has never owned cryptocurrency or digital assets during an April 18 hearing. When asked by Rep. Bryan Steil whether he held digital assets, Gensler said: “I don’t own any crypto assets…[but] all of my securities holdings are actually digital because they’re held by a broker-dealer.” Gensler denied owning digital assets many times over. He also noted that he had never owned Bitcoin. He additionally dismissed digital assets as “highly speculative.” He later affirmed that he has a digital bank account and brokerage account, “but no crypto.” Gensler was also asked whether members of his team or his subject matter experts own digital wallets or digital assets. Gensler answered that, to his knowledge and in accordance with ethics rules, those individuals do not own digital assets.
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