Gary Gensler, the outgoing Chair of the SEC, confirmed that neither he nor his predecessor has classified Bitcoin or Ether as securities. He emphasized the importance of investor access to these cryptocurrencies even before the introduction of exchange-traded funds.
Gensler noted that a significant portion of the crypto market is tied to Bitcoin and Ethereum. The SEC’s approval of ETFs for these cryptocurrencies is aimed at improving investor protections as debates on Ether’s classification continue among lawmakers.
Leave a Reply