A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.”
His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that the only digital asset which could categorize as a commodity is BTC.
Gensler’s View Before Becoming SEC Chair
The video, which went viral on Twitter, reveals how Gensler says four of the leading cryptocurrencies – Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) – should not be treated as securities.
Chair Gensler in 2018 at a Bloomberg conference in NYC:
“Bitcoin. Ether. Litecoin. Bitcoin Cash. Why did I name those four? They’re not securities.”
What’s Goldman Gary going to say about this one? Deep fake? pic.twitter.com/p7DJlYkJIt
— Ryan Selkis (@twobitidiot) June 12, 2023
The video
We współpracy z: https://cryptopotato.com/sec-chief-gary-gensler-called-btc-eth-not-securities-in-2018/
