#SEC Chair: Bitcoin and Ethereum Are Not Securities#

SEC Chair Gary Gensler recently told Yahoo Finance that the SEC "never said" that Bitcoin and Ethereum are securities. He stressed that neither he nor his predecessor, Jay Clayton, had ever deemed Bitcoin a security. This statement stands in stark contrast to the SEC's previous tough stance on cryptocurrency regulation, sparking speculation about the agency's position. While Gensler did not explicitly state the SEC's future direction on cryptocurrency regulation, his remarks seem to suggest that the SEC may not classify Bitcoin and Ethereum as securities, which would be a positive signal for the cryptocurrency industry. However, it's important to note that Gensler's statement does not change the SEC's regulatory stance on other cryptocurrencies. The SEC still believes that most cryptocurrency projects are securities and require registration and regulation. Therefore, the cryptocurrency industry should continue to closely monitor the SEC's subsequent actions and proactively cooperate with regulatory requirements to ensure the healthy development of the industry.