Bitpanda CEO declares: Cryptocurrencies need SEC chairman to leave

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Bitpanda CEO declares: Cryptocurrencies need SEC chairman to leave
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Bitpanda CEO Lukas Enzersdorfer-Konrad recently made scathing statements regarding the current state of the cryptocurrency industry and heavily criticized US Securities and Exchange Commission (SEC) Chairman Gary Gensler.

During his participation at the European Blockchain Convention in Barcelona, ​​the executive highlighted the need for a change in SEC leadership to boost the adoption of cryptocurrencies in the global market.

Enzersdorfer-Konrad minced no words in expressing her displeasure with the SEC’s regulatory approach under the leadership of Gary Gensler. According to the executive, the regulatory environment created by Gensler harmed the cryptocurrency industry, generating uncertainty and hindering innovation.

“The crypto industry needs Gensler to leave so we can move forward,” said the Bitpanda CEO. He believes that Gensler’s departure is essential for the sector to gain more clarity and regulatory security, especially in the United States.

Bitpanda executive calls for withdrawal of SEC chairman

The CEO also commented on the upcoming US presidential elections, scheduled for 2024. He highlighted how they could affect the future of cryptocurrencies.

Enzersdorfer-Konrad emphasized that regardless of who wins, be it Kamala Harris or Donald Trump, the market will see greater regulatory clarity in the country. This clarity, according to him, is necessary for long-term planning and should increase institutional confidence in the crypto sector.

The executive also highlighted that speculation that Trump would be more favorable to cryptocurrencies should not be decisive. After all, both candidates can bring benefits to the market.

In addition to criticism of the regulatory landscape, Enzersdorfer-Konrad highlighted the growth of cryptocurrency ecosystems, such as Ethereum and Solana, mentioning the development of Layer 1 and Layer 2 chains.

He believes that real on-chain applications such as stablecoins will play a crucial role in the mass adoption of crypto in the coming market cycles. The executive also mentioned that Europe is standing out with the regulation of stablecoins and that, in the coming years, they will have a significant impact on the global market.

Enzersdorfer-Konrad pointed out that stablecoins such as Tether (USDT) and USD Coin (USDC) have already become essential parts of remittance and payments services. He believes that as institutional adoption of cryptocurrencies increases, these assets will play an even greater role, particularly with the introduction of regulations such as MiCA (Markets in Crypto Assets) in Europe.

Bitpanda CEO declares: Cryptocurrencies need SEC chairman to leave

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Bitpanda CEO declares: Cryptocurrencies need SEC chairman to leave

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Bitpanda CEO declares: Cryptocurrencies need SEC chairman to leave

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