#SEC Chair: Bitcoin and Ethereum Are Not Securities#

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Overview

SEC Chair Gary Gensler said in a recent interview with Yahoo Finance that the SEC "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 contrasts with the SEC's previous regulatory stance toward the cryptocurrency industry, and has sparked market speculation about the SEC's future regulatory direction. While Gensler did not explicitly say whether Bitcoin and Ethereum are securities, his remarks undoubtedly sent a positive signal to the cryptocurrency industry and provided new insights into the SEC's future regulation of cryptocurrencies.

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Analysis

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, has ever labeled Bitcoin as a security. This statement contrasts with the SEC's previously tough stance on cryptocurrency regulation, sparking speculation about the agency's position. Although Gensler denied that the SEC considers Bitcoin and Ethereum securities, the SEC has not explicitly excluded these two cryptocurrencies from the scope of securities. This suggests that uncertainty remains about the SEC's approach to cryptocurrency regulation, and it may continue to regulate the cryptocurrency market in the future.

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Classic Views

SEC has never explicitly stated that Bitcoin and Ethereum are securities.

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SEC Chair Gensler and former Chair Clayton have not classified Bitcoin as a security.

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The SEC's regulatory stance on cryptocurrencies remains unclear.

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The SEC's regulatory attitude towards cryptocurrencies may change.

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