SEC Chair Confirms Bitcoin and Ethereum Not Classified as Securities
- SEC Chair Gary Gensler confirmed that Bitcoin and Ethereum have never been classified as securities by the SEC.
- Bitcoin and Ethereum dominate over 70% of the cryptocurrency market.
- The classification of Ethereum remains undecided, contingent on investor intentions.
- Gensler highlighted Bitcoin’s speculative nature, emphasizing the need for proper disclosure in the crypto market.
Gary Gensler clarified that neither he nor former SEC Chair Jay Clayton has labeled Bitcoin or Ethereum as securities, providing regulatory clarity for these dominant digital assets which account for more than 70% of the crypto market.
