#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. He stressed that neither he nor his predecessor, Jay Clayton, had classified Bitcoin as a security. This statement stands in stark contrast to the SEC's regulatory stance towards the cryptocurrency industry in recent years, where the SEC has been cautious about the cryptocurrency market and has investigated and prosecuted numerous cryptocurrency projects. Gensler's remarks have fueled market speculation that the SEC may be shifting its regulatory stance on cryptocurrencies and could provide a clearer regulatory framework for Bitcoin and Ethereum. However, it's important to note that Gensler's statement didn't explicitly indicate that the SEC would not classify Bitcoin and Ethereum as securities, only that the SEC "never said" they were. Therefore, market speculation about the SEC's future regulatory direction should be treated with caution.