FAST FIVE: Bitcoin Soars As SEC's Gensler Echos Powell: Promises No China-Style Crypto Ban In US Gensler's claim echoes a similar remark made by Fed Chairman Jerome Powell last week during his testimony on the economy before the House Financial Services Committee, who said the Fed has no intentions of banning crypto, like China has. Despite his frequent clashes with crypto industry after promising to create a strict regulatory framework for the new asset class, even Gensler says the “the government's focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax...