Gary Gensler 2018-Era Video Goes Viral, Here's What The SEC Chief Said About Bitcoin, Ethereum Back Then
Portfolio Pulse from Mehab Qureshi
A 2018 video of SEC Chairman Gary Gensler has resurfaced, in which he states that Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are not securities. This comes amid the SEC's crackdown on cryptocurrency exchanges Coinbase and Binance over the trading of unregistered securities.
June 13, 2023 | 5:29 am
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SEC Chairman Gary Gensler's 2018 video stating Bitcoin is not a security resurfaces amid crackdown on crypto exchanges.
The resurfaced video shows Gensler's previous stance on Bitcoin not being a security. However, the current crackdown on crypto exchanges may create uncertainty in the market, leading to a neutral short-term impact on Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
SEC Chairman Gary Gensler's 2018 video stating Ethereum is not a security resurfaces amid crackdown on crypto exchanges.
The resurfaced video shows Gensler's previous stance on Ethereum not being a security. However, the current crackdown on crypto exchanges may create uncertainty in the market, leading to a neutral short-term impact on Ethereum's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
SEC Chairman Gary Gensler's 2018 video stating Litecoin is not a security resurfaces amid crackdown on crypto exchanges.
The resurfaced video shows Gensler's previous stance on Litecoin not being a security. However, the current crackdown on crypto exchanges may create uncertainty in the market, leading to a neutral short-term impact on Litecoin's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100