In 2018, Gary Gensler said that Bitcoin and Ethereum are not securities.
A newly revealed video from 2018 featuring Gary Gensler has taken to social media. In the video, Gensler’s statement that Bitcoin (BTC) and Ethereum (ETH) are not securities indicates that Gensler has taken a firm stand ever since. Gensler stated that more than 70 percent of the crypto market is Bitcoin, Ethereum, Litecoin, Bitcoin Cash. When Gensler was asked why he refers to these four cryptocurrencies, he replied that they are not securities.
Gary Gensler’s Obsession With Securities Comes From The Past
Addressing four cryptocurrencies at a conference he held in 2018, Gensler emphasized that they are not securities. Among these cryptocurrencies, the most notable names were Bitcoin and Ethereum. Gensler, who has been keeping his perspective on cryptocurrencies for five years, mentioned these issues while giving a parliamentary speech in the past weeks.
Continuing regulatory sanctions from the past to the present, especially last week, caught fire. The SEC, which sued Coinbase and Binance one day apart, virtually blockaded the crypto industry.
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