#SEC Chair: Bitcoin and Ethereum are not securities#
Hot Topic Overview
Overview
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently said the SEC has "never said" that Bitcoin and Ethereum are securities. He emphasized that neither he nor his predecessor, Jay Clayton, has classified Bitcoin as a security. This statement diverges from the SEC's previously strong stance on crypto regulation and has sparked market speculation about the agency's position. Although Gensler did not explicitly state how the SEC plans to regulate Bitcoin and Ethereum in the future, his comments may bring some degree of certainty to the cryptocurrency industry.
Ace Hot Topic Analysis
Analysis
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), 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 differs from the SEC's previous regulatory approach towards the cryptocurrency industry, which has been cautious and has seen the SEC investigate and sue many crypto projects. Gensler's latest statement could signal a shift in the SEC's stance on Bitcoin and Ethereum, but it doesn't mean the agency will completely abandon oversight of the cryptocurrency sector. Moving forward, the SEC may focus more on compliance within the cryptocurrency industry and create a clearer regulatory framework.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin
and
Ethereum
are
not
securities
SEC
has
never
explicitly
stated
that
Bitcoin
and
Ethereum
are
securities
SEC
Chairman
Gensler
and
former
Chairman
Clayton
both
have
not
recognized
Bitcoin
as
a
security
SEC
s
regulatory
stance
on
cryptocurrencies
is
still
unclear