SEC Chair Gensler Stays Firm On Of His Stance On Bitcoin Not Being A Security
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Gary Gensler, Chairperson at Securities and Exchange Commission, again reiterated the SEC instance on Bitcoin being a commodity. However, he avoided labeling any other digital asset, including Bitcoin. The SEC is a firm believer in the theory that both flagship currencies, Bitcoin and. Ethereum are commodities, but not a security. The issue has become a crucial point in the ongoing lawsuit against Ripple over the firm’s sale of. XRP, which the SEC contends is unregistered security, is now being sued by Ripple over its sale of XRP. Bitcoin again dropped below $20,000 and was trading at $19,228.69 as of this writing. Meanwhile, the crypto market that witnessed one of the worst crashes in history continues to. Source