SEC Chair Gensler: 'It is unlikely that crypto-based campaign contributions swayed the US election' Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), recently spoke out about the potential impact of cryptocurrency on political campaigns. In an interview with CNBC, Gensler stated that he believes it is unlikely that crypto-based campaign contributions or funding from crypto groups had a significant influence on the outcome of the US election. Gensler's comments come amid growing scrutiny of the role of cryptocurrency in political campaigns. Critics have raised concerns that the use of cryptocurrency for campaign contributions could allow for anonymous and potentially illegal donations. However, Gensler emphasized that cryptocurrency is a speculative asset that does not comply with various laws, including anti-money laundering and securities laws. Gensler's Stance on Bitcoin and Cryptocurrency Regulation Despite his skepticism about the impact of cryptocurrency on elections, Gensler has acknowledged the potential benefits of blockchain technology. He has also indicated that the SEC is considering regulating cryptocurrency exchanges and stablecoins. Gensler's approach to cryptocurrency regulation has been a source of debate within the industry. Some have criticized his cautious stance, arguing that it stifles innovation. However, others have welcomed his focus on investor protection and market stability.