Gary Gensler hasn't always believed everything but bitcoin is a security
A video has surfaced that purports to show Securities and Exchange Commission (SEC) chair Gary Gensler claiming that a number of prominent cryptocurrencies aren’t securities — a view that’s seemingly at odds with his more recent comments and the regulator’s numerous enforcement actions against the space. The five-year-old video clip was taken at a Bloomberg event for institutional investors when Gensler was a professor at the Massachusetts Institute of Technology. In the clip, Gensler says, “Over 70% of the crypto market is Bitcoin, Ether, Litecoin, Bitcoin Cash. Why did I name those four? They’re not securities.” Chair Gensler in 2018 at a Bloomberg conference in NYC: “Bitcoin. Ether. Litecoin. Bitcoin Cash. Why did I name those four? They’re not securities.” What’s Goldman Gary going to say about this one? Deep fake? pic.twitter.com/p7DJlYkJIt — Ryan Selkis 🪳 (@twobitidiot) June 12, 2023 Read more: Binance wants SEC chair Gary Gensler recused for ‘advising’ the C...