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Celcius CEO not worried about Bitcoin, Ethereum being deemed securities

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AMB Crypto

Fri, Dec 03, 2021

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In a recent interview with Coin Stories, Celsius CEO Alex Mashinsky discussed Bitcoin and the regulatory attitude towards the sector.

So obviously Bitcoin is doing something right.” However, in the context of the alt-verse, he noted that the sector needs to win all other use cases.

However, when it comes to adoption, Mashinsky opined that most people don’t know how to deal with very volatile assets like Bitcoin , adding , “And they can’t find the right entry point...” Recently, Bitcoin holders sold over 10,000 BTC tokens worth $575 million in just one day.

He said , “many tokens may be unregistered securities, without required disclosures or market oversight.” Apart from that, he cautioned the industry that, “If a lending platform is offering securities, it also falls into SEC jurisdiction.” Having said that, Mashinsky was quick to assure the investors that the regulators have already stated that Bitcoin and Ethereum are sufficiently decentralized.

But definitely for Bitcoin and Ethereum, I think we’re all safe.” Adding that even stablecoins are quite safe for people wanting to be cautious in the sector.

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