Gary Gensler “I never said that BTC and ETH are securities, and they were unlikely to influence the outcome of the presidential election.”

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with the media, “Neither I nor my predecessor, Jay Clayton, have ever said that Bitcoin is a security.” Ethereum has never said that it is a security. The SEC has never said that these are securities.” He added, “Due to the nature of the business, it cannot be said with certainty that neither token is a security,” and “Investors had access to Bitcoin and Ethereum even before the launch of the ETF product.”

In addition, he said, “It is unlikely that the funds of cryptocurrency supporters and cryptocurrency interest groups influenced the outcome of the US presidential election.” He added, “Cryptocurrency is a highly speculative field that does not comply with various laws, including money laundering laws, sanctions laws, and our securities laws.” In an interview on this day, Gary Gensler said, “Bitcoin is a highly speculative asset, but 7 billion people want to trade it,” drawing attention to his intentions.