The head of the US Securities and Exchange Commission (SEC), Gary Gensler, is facing criticism from the crypto community after a 2018 video emerged of him stating that cryptocurrencies are not securities, but commodities or cash. Gensler made the comments during a class he taught at MIT, but some now argue that his views have changed since he took on his current role. While some have defended Gensler, others have called for him to explain the change in his opinion, with one crypto trader asking when someone will be arrested for fraud.
(By BRAYDEN LINDREA)
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