Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States Latest News,United States Headlines

Another old video of Gary Gensler has gone viral which shows him lumping in crypto with cash and commodities, not securities.

The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities.came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology before he became chair of the Securities and Exchange Commission .

On the topic of initial coin offerings , Gensler said that"three-quarters of the market are not ICOs or not what would be called securities" and named the U.S., Canadian and Taiwanese markets as the"three jurisdictions that follow something similar to the Howey Test." "Three-quarters of the market is non-securities, it's just a commodity, cash,crypto,” Gensler then said.Gary Gensler - the current President of the SEC, was the professor."So we already know in the US and in many other jurisdictions that 3/4 of the market…

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The video came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology (MIT) before he became chair of the Securities and Exchange Commission (SEC).

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anthony Scaramucci calls out Elizabeth Warren and 'sidekick' GenslerThe former White House communications director discussed Elizabeth Warren's role in financial services and banking, and Gary Gensler's ambitions as chair of the SEC.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Did Elon Musk Tweet He Was ‘Closing’ Twitter?Twitter erupted in chaos over the haphazard application of the Twitter Blue verification system.
Source: snopes - 🏆 228. / 63 Read more »

SEC’s climate distractionThe House Financial Services Committee last week hosted Securities and Exchange Commission Chairman Gary Gensler for a 4 1/2-hour oversight hearing.
Source: WashTimes - 🏆 235. / 63 Read more »

Rep. McHenry on Future of Crypto RegulationRepublicans on the House Financial Services Committee are taking another shot at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joins 'First Mover' to discuss his outlook for regulating stablecoins and the broader digital asset industry. Plus, his take on SEC Chair Gary Gensler's approach to consumer protection and the Europe's landmark Markets in Crypto Assets (MiCA) framework.
Source: CoinDesk - 🏆 291. / 63 Read more »

Gary police receive new, high-tech equipment thanks to federal grantIndiana state leaders announced a major federal grant that will help police acquire new high-tech equipment.
Source: fox32news - 🏆 547. / 51 Read more »

Below Deck Sailing Yacht Recap: Gary’s Glorious ReturnGary is back and already stirring up some chaos.
Source: NYMag - 🏆 111. / 63 Read more »