SEC chairman Gary Gensler said that Proof of Stake (PoS) tokens can be considered securities.
It is still unclear how cryptocurrencies will be valued by governments and lawmakers. However, differences of opinion can be seen even in institutions that will regulate cryptocurrencies.
SEC Chairman Gary Gensler Says Proof of Stake (PoS) Tokens Can Be Considered Securities
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), suggested Wednesday that tokens using staking protocols can be considered securities under US law.
Gensler argued that the returns that token holders see from staking indicate that these tokens are securities and must be registered as such under US law.
Gary Gensler, chairman of the Securities and Exchange Commission (SEC), suggested to reporters today that tokens using staking protocols can be considered securities under US law.
Gensler used the following statements in his statements:
“The investing public is investing in anticipation of a return by predicting something on these tokens, whether they want to earn a return on their Proof of Stake token and get 2 or 4 percent.”
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