Home 2022 SEC: Bitcoin Only Crypto to be Labeled a Commodity

SEC: Bitcoin Only Crypto to be Labeled a Commodity

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#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!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.