This time, the green light proved real, with Gary Gensler posting his own statement to the SEC’s website warning that the agency’s approval of the ETF is not a signal that it will approve the listing of other crypto asset securities.
“As I’ve said in the past, and without prejudging any one crypto asset, the vast majority of crypto assets are investment contracts and thus subject to the federal securities laws,” Gensler wrote, adding that the approval was not an endorsement of Bitcoin.
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[ 4.0 ms ] story [ 21.9 ms ] threadThis time, the green light proved real, with Gary Gensler posting his own statement to the SEC’s website warning that the agency’s approval of the ETF is not a signal that it will approve the listing of other crypto asset securities.
“As I’ve said in the past, and without prejudging any one crypto asset, the vast majority of crypto assets are investment contracts and thus subject to the federal securities laws,” Gensler wrote, adding that the approval was not an endorsement of Bitcoin.