• 15 October, 2024
SEC

Gary Gensler: BTC Isn’t a Security, Stays Neutral on Trump

SEC Chair Gary Gensler reaffirmed that Bitcoin is not a security, stating that investors can express this view through approved ETF products. In a recent interview, Gensler declined to comment on Donald Trump’s proposal for a U.S. Bitcoin strategic reserve, citing election season sensitivities. While he maintains that most cryptocurrencies qualify as securities under SEC jurisdiction, he emphasized that current laws empower the SEC to oversee the crypto market. Gensler acknowledged ongoing challenges in building trust within the industry, referencing the significant losses and fraud cases that have plagued the crypto space in recent years.

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