**SEC Chairman Gary Gensler Continues Anti-Cryptocurrency Statements

SEC Chairman Gary Gensler condemned the crypto market bill to be voted in the House of Representatives. According to The Block, Gensler stated that he opposes the Financial Innovation and Technology for the 21st Century Act (FIT21 Act).

Gensler stated that this law would exempt blockchain and cryptocurrencies from the securities field and weaken investor protection. "The FIT21 law would undermine precedent on the supervision of investment contracts and put investors at great risk."

Former US President Donald Trump, who has a moderate approach to cryptocurrencies, supported the bill, while 60 crypto organizations such as Gemini, Kraken, Coinbase and Digital Currency Group also announced their support.#BinanceHerYerde #Binance #btc #Bitcoin #SEC