#SEC Chair Says Bitcoin and Ethereum Are Not Securities#

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Overview

U.S. Securities and Exchange Commission (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, had ever said Bitcoin is a security. This statement differs from the SEC's previous stance on cryptocurrency regulation, which has been cautious, with the agency conducting investigations into some cryptocurrency projects for securities fraud. Gensler's recent comments could signal a shift in the SEC's regulatory approach to Bitcoin and Ethereum, but the specifics still require further observation.

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SEC Chair Gary Gensler recently told Yahoo Finance that the SEC has "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 previous regulatory stance on the cryptocurrency industry, which has been cautious and has seen the SEC investigate and sue numerous cryptocurrency projects. Gensler's latest remarks appear to signal a shift in the SEC's stance on Bitcoin and Ethereum, but further details remain to be seen.

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Classic Views

SEC never explicitly stated that Bitcoin and Ethereum are securities.

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SEC Chairman Gensler and former Chairman Clayton both did not identify Bitcoin as a security.

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The SEC's regulatory stance on cryptocurrencies is unclear.

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The SEC's regulatory policies on cryptocurrencies are controversial.

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