SEC: Bitcoin Only Crypto to be Labeled a Commodity

#crypto #SEC #bitcoin #commodity #security


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.

Price action

Have a prosperous holiday weekend, Keep the Faith!