SEC: Bitcoin Only Crypto to be Labeled a Commodity

#crypto #SEC #bitcoin #commodity #security

$BTCUSD

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says he believes most crypto assets are securities.

In a CNBC interview, Mr. Gensler says Bitcoin (BTC) is the only crypto asset that fits the description of a commodity.

Last wk, the SEC Chair reportedly proposed the use of a 1-rule-book strategy to enhance trust and protect crypto investors from market manipulation, fraud and front running.

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Have a prosperous holiday weekend, Keep the Faith!

#Bitcoin#commodity#crypto#SEC#security