#SEC Chair: Bitcoin and Ethereum are Not Securities#
Hot Topic Overview
Overview
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 had ever called Bitcoin a security. This statement contrasts with the SEC's previous tough stance on crypto regulation, sparking market speculation about the agency's position. Although Gensler denied the SEC classifying Bitcoin and Ethereum as securities, the SEC has yet to explicitly state that the two cryptocurrencies are not securities, leaving uncertainty over its regulatory stance.
Ace Hot Topic Analysis
Analysis
SEC Chair Gary Gensler said in a recent interview with Yahoo Finance that the SEC has "never said" that Bitcoin and Ethereum are securities. He emphasized that neither he nor his predecessor, Jay Clayton, had classified Bitcoin as a security. This statement is different from the SEC's previous stance on cryptocurrency regulation. The SEC has previously been cautious about the cryptocurrency market and has investigated many cryptocurrency projects. Gensler's statement could suggest that the SEC is shifting its position on Bitcoin and Ethereum, viewing them as commodities rather than securities. However, the SEC has not formally released any regulatory guidance on Bitcoin and Ethereum, so the market's reaction to this statement remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SEC never explicitly stated that Bitcoin and Ethereum are securities.
SEC Chair Gensler and former Chair Clayton did not consider Bitcoin to be a security.
The SEC's regulatory stance on cryptocurrencies remains unclear.
The SEC's regulatory approach to cryptocurrencies may change.