#The SEC denies Bitcoin and Ethereum are 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 stressed that neither he nor his predecessor, Jay Clayton, had ever classified Bitcoin as a security. This statement stands in stark contrast to the SEC’s previous regulatory stance toward the cryptocurrency industry, which has been characterized by caution and investigations and sanctions against some cryptocurrency projects. Gensler’s remarks have sparked speculation in the market about the SEC’s future regulatory direction. Some analysts believe that this indicates the SEC may be shifting its stance on cryptocurrencies and may adopt more friendly regulatory measures for the industry in the future. However, other analysts have pointed out that Gensler’s statement does not mean the SEC has abandoned its regulation of cryptocurrencies. The SEC will continue to regulate the cryptocurrency market and will penalize violations of relevant laws and regulations. Overall, Gensler’s remarks have brought new hope to the cryptocurrency industry, but market speculation about the SEC’s future regulatory direction persists. Investors should carefully observe the SEC’s subsequent actions.