SEC Chair Gensler Again Says Bitcoin Is Not a Security. What About Ethereum? - Aliens: AI Crypto News & Markets Updates
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SEC Chair Gensler Again Says Bitcoin Is Not a Security. What About Ethereum?

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Decrypt

Mon, Jun 27, 2022

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Securities and Exchange Commission Chairman Gary Gensler today reaffirmed the SEC's view that Bitcoin is a commodity but refrained from extending the label to any other cryptocurrencies in an interview with CNBC .

Gensler singled out Bitcoin as an example of a crypto asset that should be regulated under the Commodity Futures Trading Commission (CFTC), as he's done previously , but would not comment on other coins or tokens.

In 2018, William Hinman, the SEC’s director for the Division of Corporation Finance, said he believed both Ethereum and Bitcoin should be classified as commodities because each cryptocurrency was “sufficiently decentralized” and did not have a central party “whose efforts are a key determining factor in the enterprise.” Nevertheless, the question of whether Ethereum should today be considered a security continues to be raised.

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