US SEC Chairman: The 2024 presidential election results will not be determined by the funds of cryptocurrency interest groups

In an interview with CNBC Squawk Box host Andrew Ross Sorkin, Gary Gensler, the chairman of the U.S. SEC, stated that he believes funds from cryptocurrency voters and digital asset interest groups are unlikely to influence the outcome of the 2024 U.S. election and lead to a victory for President Donald Trump.

He said: "I believe that although as you pointed out, this election has raised funds from the cryptocurrency field, I don't think this is the purpose of this election. This field -the cryptocurrency field- a highly speculative one, has always been non-compliant with various laws whether it's money laundering laws or sanction laws or in our case securities law."