The US Securities and Exchange Commission (SEC) has “never stated” that Bitcoin and Ethereum are securities. This is reported by The Block with reference to the words of the head of the regulator, Gary Gensler, in an interview with Yahoo Finance.
Gensler, who will leave office on Jan. 20, 2025, said neither he nor his predecessor, Jay Clayton, said the assets mentioned above were securities. He noted that he could not speak directly on this issue due to the nature of his work.
Gensler also previously said that Bitcoin is a highly speculative and unstable asset. He added that there are seven billion people on the planet, and they all want to trade the first cryptocurrency, “just like we’ve been trading gold for 10,000 years.” In his opinion, today such an asset is Bitcoin, but in the future it may be something else.
Note that in March 2024, Gensler refused to give a clear definition of Ethereum. He said asset classification depends on investors’ intentions.
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Source: Cryptocurrency
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