CandleFocus SEC News: Gensler Refuses to Comment on Trump’s Bitcoin Reserve, Affirms Bitcoin Isn’t a Security
2024-09-30
Author: Content Editor
The SEC Chair, Gary Gensler, has approved Bitcoin and Ethereum ETFs this year, asserting that they are not securities. This allows investors to confidently invest in Bitcoin and Ether without concerns of regulatory crackdown. However, other tokens including XRP and tokens listed on Binance have not been exempted from securities classification. Gensler's future as the top crypto regulator may change after the November polls, as Donald Trump has expressed plans to remove him from office if elected. Gensler remained diplomatic when asked about Trump's plan to establish a national Bitcoin reserve, withholding his true thoughts on the matter.
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