SEC and crypto bitcoin

Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in an interview with CNBC.

“Many of these tokens…the investing public is hoping for a return just like when they invest in other financial assets we call securities,” he said in an interview on Squawk Box. “Many of these financial assets, crypto financial assets have the key attributes of a security,” and are therefore under the SEC’s jurisdiction.

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