Former SEC Chair Gary Gensler, in a Bloomberg interview, underscored Bitcoin's unique position compared to other cryptocurrencies, which he labeled as speculative and lacking substantial economic backing. He advised investors to exercise caution, pointing out that only stablecoins pegged to the US dollar have reliable support. Gensler also discussed ongoing enforcement actions targeting unregistered exchanges, emphasizing the importance of ensuring fair market access and protecting investors. His comments come amid heightened scrutiny of the crypto market, highlighting the regulatory focus on maintaining market integrity.