In a highly anticipated appearance before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chair Gary Gensler is set to reiterate his stance on the regulatory landscape of crypto today (10:00 am ET). Drawing from his pre-released testimony, Gensler remains unwavering in his belief that the majority of crypto assets fall under the purview of the SEC and should be treated as securities.
Gensler will emphasize, “There is nothing about the crypto asset securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws.” He further elaborated on the historical context, noting that Congress, in its 1933 and 1934 securities laws, did not limit the definition of securities to just stocks and bonds. Instead, they included a broad list of over 30 items, encompassing the term “investment contract.” Gensler stated, “As I’ve previously said, without prejudging any one token, the vast majority of crypto tokens li
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