Crypto News

Gensler on Bitcoin's Classification as a Security In a recent interview with CNBC, SEC Chair Gary Gensler reaffirmed his stance that Bitcoin is not a security. This statement comes after months of speculation and debate over whether Bitcoin should be classified as a security under current regulatory laws. Gensler's position provides some much-needed clarity for the crypto industry, which has been grappling with uncertainty and potential regulatory crackdowns. The Need for Regulatory Clarity Gensler also emphasized the need for regulatory clarity in the crypto space, stating that there are currently over 6,000 cryptocurrencies in existence and many of them could potentially be classified as securities. This creates a complex regulatory landscape that needs to be navigated carefully. Gensler's comments suggest that the SEC is actively working towards providing clearer guidelines for the crypto industry. The Impact on Crypto Markets Gensler's statements have had a ...