#SEC Chair: Bitcoin and Ethereum Are Not Securities#

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently told Yahoo Finance that the SEC has “never said” that Bitcoin and Ethereum are securities. He emphasized that neither he nor his predecessor, Jay Clayton, has ever classified Bitcoin as a security. This statement contrasts sharply with the SEC's regulatory stance on the cryptocurrency industry in recent years, where the agency has been cautious and conducted securities investigations into many cryptocurrency projects. Gensler's remarks have sparked market speculation about the SEC's future regulatory direction. Some analysts believe that this indicates the SEC may be adjusting its regulatory approach to cryptocurrencies and may be placing more emphasis on regulating the industry. However, other analysts point out that Gensler's comments may be simply aimed at calming the market, and the SEC may still be pursuing a rigorous regulatory approach to the cryptocurrency industry. Overall, Gensler's statement has brought new hope to the cryptocurrency industry, but the market needs to carefully observe how the SEC regulates the industry moving forward.