SEC Chair Gary Gensler reiterated that bitcoin is not a security, emphasizing that regulatory clarity exists and individuals can express this by investing in ETF products.
Gensler responded to questions about his views on altcoins and Donald Trump’s bitcoin strategic reserve, highlighting the need to focus on securities markets amid election season.
'Not liking the rules is not the same as that there aren't rules,' Gensler stressed, asserting the SEC's authority over the crypto space through existing regulations.
Despite industry pushback, Gensler maintains that most cryptocurrencies, apart from bitcoin, qualify as securities under current laws, reinforcing the SEC's jurisdiction in crypto regulation.
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