SEC
SEC labels Bitcoin a commodity
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Regulation of the crypto market has taken a crucial move forward following comments made earlier this week by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.
During an interview with CNBC, Gensler said Bitcoin should now be labelled as a commodity.
As I was quoted by Investor Ideas, Mena FN, Share Wise, StockHead and Biz Community, amongst others, the SEC Chairman’s comments have cleared up years of debate. Bitcoin is now viewed as a commodity by one of the most influential regulators in the world, just like gold, and not a
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September 6, 2021
The chair of the U.S. Securities and Exchange Commission (SEC) is, we believe, right that crypto trading platforms should be regulated.
The Financial Times published an interview with Gary Gensler last week, in which he said although he was “technology neutral”, crypto assets were no different than any others in terms of investor protection, guarding against illicit activity and maintaining financial stability.
Gensler’s stance on cryptocurrencies should be welcomed. With
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