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Bitcoin prices have stabilized in recent days
Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin BTCUSD, -0.65% was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in an interview with CNBC.
The debate over whether any particular cryptocurrency can be labeled a commodity rather than a security has far reaching implications because financial instruments that are securities can only be legally sold to the public if the issuer registers with the SEC and adheres to strict disclosure regime.
“Many of these tokens…the investing public is hoping for a return just like when they invest in other financial assets we call securities,” he said in an interview on Squawk Box. “Many of these financial assets, crypto financial assets have the key attributes of a security,” and are therefore under the SEC’s jurisdiction.
“Some like bitcoin, and that’s the only one I’m gonna say…my predecessors and others have...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...