#SEC Denies Bitcoin and Ethereum Are Securities#
Hot Topic Overview
Overview
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently said the SEC has "never said" that Bitcoin and Ethereum are securities. The statement, made ahead of his impending departure, explicitly denied speculation about the SEC's stance. Gensler emphasized that neither he nor his predecessor, Jay Clayton, had classified Bitcoin as a security. This statement could have a positive impact on the cryptocurrency market, easing concerns about the SEC's position.
Ace Hot Topic Analysis
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 labeled Bitcoin as a security. This statement differs from the SEC’s previous stance on the cryptocurrency industry, which has been cautious and has investigated some cryptocurrency projects for securities fraud. Gensler’s statement could indicate a shift in the SEC’s regulatory approach to Bitcoin and Ethereum, but specifics remain unclear. Nevertheless, this statement has had a positive impact on the cryptocurrency market, with both Bitcoin and Ethereum prices rising after the news was released.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SEC
never
explicitly
stated
that
Bitcoin
and
Ethereum
are
securities
SEC
Chair
Gensler
denied
that
SEC
had
defined
Bitcoin
and
Ethereum
as
securities
Gensler
and
former
Chair
Clayton
both
did
not
recognize
Bitcoin
as
a
security
SEC's
regulatory
stance
on
cryptocurrencies
remains
unclear