SEC Chairman Speaks About Bitcoin and Cryptocurrencies! “Is BTC a Security?” Answered the Question!

Starting the day with horizontal movements Bitcoin It rose from $26,200 to $26,850.

BitcoinWhile the reason for this rise of remains unclear, SEC Chairman Gary Gensler He spoke before the House Financial Services Committee.

During his speech, Gensler was asked questions by House Financial Services Committee Chairman Patrick McHenry and senators.

McHenry, who criticized Gensler before these questions, said the following to the SEC Chairman:

“Even though you constantly say that the laws are very clear, you are harming investors with your practices.

And you are getting defeated in the courts.”

McHenry asking a question about Bitcoin “I asked you about Ethereum in the last meeting. Today I want to ask about Bitcoin. Why don’t you think Bitcoin is a security?, Do you think Bitcoin is a security or not?” said.

Gensler to this question “I think Bitcoin is not a security because it does not meet the Howey test. “I think Bitcoin is not a security” he replied.

Gentes also “There are many fraudsters and thieves in the cryptocurrency industry. This harms investors.” said.

BTC, which rose before Gensler’s speech, recorded a decrease of around 2% during the speech and fell back to $ 26,200.

*This is not investment advice.