Gary Gensler: The results of the U.S. presidential election are unrelated to funding in the cryptocurrency industry

ChainCatcher news, according to Cointelegraph, U.S. SEC Chairman Gary Gensler stated in an interview with CNBC's Squawk Box that he believes the funding from cryptocurrency voters and digital asset interest groups is unlikely to influence the U.S. election, resulting in a victory for President Trump.

Gensler will step down on the day of Trump's inauguration, and he discussed his previous talking points on investor protection during his leadership at the SEC in the interview.

Gensler said, "I believe that, although as you pointed out, this election has raised funds from the cryptocurrency space, I think it is unrelated to the outcome of this election. The cryptocurrency space is a highly speculative area that has consistently failed to comply with various laws, whether it be anti-money laundering laws, sanctions laws, or securities laws."