Former SEC Chairman Gensler: "BTC and other virtual currencies have the potential to survive in the long term"

On the 16th, Gary Gensler, former chairman of the U.S. Securities and Exchange Commission (SEC), appeared on CNBC's "Squawk Box" and expressed his view that cryptocurrencies will be selected as investment assets.

He argued that some stocks, such as Bitcoin (BTC), have attracted global interest and may survive for a long time.

This time, Gensler also mentioned cryptocurrencies while talking about Trump tariffs and the U.S.-China trade war. The trigger was when he was asked, "What do you think about the SEC under the Trump administration moving to drop lawsuits against cryptocurrency companies after Mr. Gensler left office?" What...