According to Foresight News, according to CoinDesk, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said at an event recently that Bitcoin or other cryptocurrencies are unlikely to be widely used as a payment method. Instead, they will continue to be seen as a means of storing value. "This kind of thing is unlikely to become a currency. It must reflect its value through disclosure and use. Just like you choose from thousands of securities listed on the stock exchange." In addition, he also said that the encryption industry is full of fraudsters, scammers and scams. "With all due respect, the leaders in this field in 2024 are either in prison or awaiting extradition."
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US SEC Chairman: BTC or other cryptocurrencies are unlikely to be widely used as a payment method
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