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Benzinga
Benzinga
Business
Shiv Juneja

Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin

SEC Gary Gensler Bitcoin Crypto Securities and Exchange Commission

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), stated that Bitcoin (CRYPTO: BTC) stands as the only cryptocurrency he would deem a commodity, considering others to be a security.

What Happened: In an interview with CNBC on June 27, Gensler provided his insights on Bitcoin’s classification as a commodity as compared to a security. As reported by MarketWatch, Gensler has previously stated “Many of these tokens…the investing public is hoping for a return just like when they invest in other financial assets we call securities, Many of these financial assets, crypto financial assets have the key attributes of a security.”

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