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Published 2 years ago

SEC Chair Gary Gensler Reaffirms Bitcoin Is A 'Commodity,' Can Be Regulated Under CFTC

Summary by Ground News
U.S. Securities and Exchange Commission Chairman Gary Gensler said bitcoin is the only cryptocurrency he would lump in with commodities. The market has been operating under the assumption that there is a sort of wink-and-nod understanding that ether is also not a security. Other token communities besides ether have also been cautiously optimistic that their own assets might qualify for treatment as a commodity.

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