The former head of the Securities Council and the Stock Exchange criticizes the American encryption and commercial policy market

• In an interview with CNBC, Gary Gansler criticized the US government’s trade approach with China.
• Ginsler also questioned the long -term value of most cryptocurrencies, saying that the market is mainly driven by morale instead of the basics.

Last week, the former president held the US Securities and Stock Exchange Committee with an interview with CNBC Where he evaluated the encryption market. He asked about the long -term capabilities of most virtual assets and also Bitcoin (BTC) about the remaining coding field.

According to Gensler, the ecological encryption system is often affected by emotion instead of the fundamental value. It is reported that all financial assets circulate on the basics and feeling, but this field is completely traded on feelings and a few basics.

He was doubtful in the rest of the encryption market, with the exception of Bitcoin, and he said that bitcoin may still exist as 7 billion people have an interest in it. However, there are 10,000 and 15,000 other symbols on the market.

The former president advised investors to evaluate exposure to risks and go to the basic basics. He also warned that “if it is just a feeling that does not end well, most of them decrease.”

Recently, the Securities and Stock Exchange Committee chose its new chairman, Paul Atkins, who promised to focus on the regulations surrounding digital assets. He recently stated that the main focus during his presidency will work with his colleagues to create a strong organizational basis for virtual assets.

Ginsler is not satisfied with the current strategies

Regardless of digital assets, Ginsner He also stated that he was not satisfied with the American trade policy, especially the aggressive approach of the government to China. According to him, the current strategies followed by the government will not end well.

Jinsler also emphasized various attempts to negotiate commercial deals with countries and criticize them by describing them as counterproductive. According to his arguments, these moves can increase the instability of the market, which leads to a decrease in investor confidence.

In the end, its focus was transferred to the low resources in the Supreme Education Council and stated that the weakest administration will lead to a decrease in protection from manipulation of the market and the circulation of the informed.

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