U.S. SEC Chairman: Most tokens are securities and subject to securities laws

ARE SEC TO U 2024-01-12 95
According to market sources, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has made a significant statement regarding the classification of tokens. He asserts that the majority of tokens should be considered securities and therefore fall under the jurisdiction of securities law. This position has wide-reaching implications for the regulation of digital assets and has sparked conversations about the potential impact on the cryptocurrency market. Gensler's stance reflects a shift in the regulatory landscape and signals a more comprehensive approach to overseeing the burgeoning cryptocurrency industry.