in January spot Bitcoin ETFone of those who approved the SEC Chairman Gary Genslersaid that this approval does not mean that they approve of Bitcoin itself.
at this point BTC SEC Chairman, who did not change his mind about He joined Bloomberg TV and made important statements about Bitcoin, Ethereum ETFs and cryptocurrencies.
First of all, Gensler said that investors should be careful due to the volatile movements in Bitcoin in recent days, and reiterated once again that cryptocurrencies are speculative assets.
“Bitcoin is a highly speculative asset class. You can understand this when you look at Bitcoin’s volatility over the last few days.
“I grew up loving roller coasters… but as investors you really have to be aware that BTC is highly speculative and investing in BTC is kind of a rollercoaster ride on volatile assets.”
“I Will Not Comment on Ethereum!”
The SEC, under Gary Gensler, has long been While advocating the view that Bitcoin is a commodity rather than a security Gensler in his statements yesterday EthereumHe declined to comment on his condition.
Gensler responded to Bloomberg’s question about whether the SEC considers Ethereum a security. “will postpone this ETH question” told.
“I will not answer the question now about whether the SEC considers Ethereum a security or a commodity. I will postpone the answer to the question.
Because we have applications ahead of us. I will not comment.
“Furthermore, the issue of whether a token is a security or a commodity relates to the facts and circumstances of whether the public investing in the relevant token expects a profit based on the efforts of others.”
Gensler recently said that there are up to 20,000 crypto tokens, and investors invest because they trust the efforts of a group of entrepreneurs behind each project, and therefore most of their tokens can be considered securities.
The SEC and its chairman are known for their hardline stance against cryptocurrencies and their view that most tokens are securities that should be regulated by the SEC. However, Bitcoin remains the only asset approved as a commodity by the SEC and its chairman.
*This is not investment advice.
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