KEY POINTS
- Gensler said the more 'fundamental' question was whether U.S. investors were appropriately protected
- He also said even as crypto made a 'small piece' of the SEC's oversight scope, scams and frauds 'outsized' the sector
- The SEC chair previously refused to answer Congress regarding Ether's appropriate classification
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was put in the spotlight Tuesday when he was directly asked whether Ether (ETH), the native cryptocurrency of the Ethereum blockchain, was a commodity or a security. He refused to answer the question directly, as he did during a Congress hearing last year.
