# SEC: Bitcoin Only Crypto to be Labeled a Commodity

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Last modified: 2022-06-30

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By Paul Ebeling · 2022-06-30
Tags: Shayne Heffernan on Investments, Luxury, SEC, Lifestyle, commodity, security, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Knightsbridge Insights, Living, Featured, 2022
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#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.

https://youtu.be/oTa_3W8rMno

*Pri**[ce action](http://crypto.livetradingnews.com/en)*

Have a prosperous holiday weekend, Keep the Faith!

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