BlockBeats news, on September 27, according to Coindesk reports, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler once again emphasized in an interview with CNBC that Bitcoin is not a security and investors can now express their views on Bitcoin through ETF products. Gensler declined to comment on Trump’s proposed U.S. strategic reserve of Bitcoin, saying it was due to his mandate and the election season.

He insisted that existing laws give the SEC the power to regulate the cryptocurrency field and said that “dislike of rules does not mean there are no rules.” Gensler also noted that the cryptocurrency industry faces trust-building challenges and that several industry leaders have been jailed or bankrupt. He emphasized that without investor protection and trust-building, the innovative field cannot survive.

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