#SEC Chair: Bitcoin and Ethereum Are Not Securities#

SEC Chair Gary Gensler recently told Yahoo Finance that the SEC "never said" that Bitcoin and Ethereum are securities. This statement stands in contrast to the SEC's previous tough stance on cryptocurrency regulation. Gensler emphasized that neither he nor his predecessor, Jay Clayton, had ever said that Bitcoin was a security. The statement sparked market speculation about the future direction of SEC regulation. While Gensler did not explicitly say that Bitcoin and Ethereum are not securities, his comments suggest that the SEC may be taking a more flexible regulatory approach and may provide a clearer regulatory framework for the cryptocurrency industry. However, it is worth noting that Gensler's statement did not change the SEC's regulatory stance on other cryptocurrencies, as many other cryptocurrencies still face the risk of being classified as securities. Therefore, the cryptocurrency industry needs to continue to closely monitor SEC regulatory developments and actively seek compliance solutions.