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SEC Chair Reasserts Every Crypto is a Security Aside From Bitcoin, Lawyers Disagree

Gary Gensler’s recent interview with New York Mag (NYMAG) has ruffled feathers across the crypto industry again.

The SEC chair reiterated that he considers all crypto assets and all transitions to be subject to U.S. securities laws, aside from spot trading for Bitcoin.

Although crypto assets have yet to be officially classified, Gensler said “everything other than Bitcoin” is a security.

In his opinion, the people behind all crypto projects and networks are furtively trying to lure investors into buying the tokens.

(By Martin Young)

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