• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Gary Gensler Clarifies: Status of Bitcoin and Ethereum

user avatar

by Giorgi Kostiuk

6 months ago


In a recent interview, Gary Gensler, SEC Chairman, clarified misconceptions about Bitcoin and Ethereum's classification.

Bitcoin and Ethereum’s Status

Gensler emphasized that neither he nor his predecessor, Jay Clayton, ever declared Bitcoin or Ethereum as securities. He explained that the nature of the SEC’s work prevents the commission from definitively classifying these tokens as securities.

Why Bitcoin and Ethereum Are Treated Differently

Bitcoin was created through a decentralized process, with no central authority or initial coin offering (ICO). Its decentralized nature has led regulators to treat it as a commodity rather than a security. While Ethereum’s 2014 ICO sparked some initial scrutiny, its transition to a decentralized network has distanced it from traditional securities classifications.

Gensler’s Comments in Context

Gensler’s statements aim to dispel the notion that the SEC has taken a definitive stance on Bitcoin or Ethereum as securities. The SEC evaluates assets individually to determine whether they meet the criteria of a security under the Howey Test.

Gensler’s assertion reaffirms the unique status of Bitcoin and Ethereum in the crypto sphere. Despite ongoing regulatory uncertainty, these cryptocurrencies continue to enjoy support due to their decentralized nature and established market presence.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

ETH Traders Remain Cautious Despite Price Rally and ETF Inflows

chest

Skepticism about ETH's future remains, despite price rallies and ETF inflows. Layer-2 growth has not increased ETH demand.

user avatarGiorgi Kostiuk

Bhutan Outperforms Germany in Bitcoin Sales with Better Timing

chest

Bhutan earned $188.65 million on Bitcoin sales, strategically choosing timing, while Germany missed out on $2.67 billion.

user avatarGiorgi Kostiuk

Crypto ETFs: Record Inflows for Bitcoin and Ethereum

chest

Bitcoin and Ethereum ETFs saw $409 million in inflows last week, boosting total assets under management to $148.82 billion.

user avatarGiorgi Kostiuk

Toncoin and PEPE: Uncertainty in the Cryptocurrency Market

chest

An analysis of current trends exemplified by Toncoin, PEPE, and BlockDAG amid recent market fluctuations.

user avatarGiorgi Kostiuk

PEPESCAPE Launches $PESC Token Presale: A New DeFi Platform

chest

Today, the presale of the $PESC token from PEPESCAPE has started, integrating decentralized finance principles with memecoin culture.

user avatarGiorgi Kostiuk

Changpeng Zhao on AI's Role in Law: Simplification and Accessibility

chest

Binance founder Changpeng Zhao believes artificial intelligence can facilitate understanding of laws.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.