SEC Chair Gensler Insists Most Crypto Tokens Are Securities the Law Is Clear

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), reiterated that most crypto tokens are securities, insisting that the law is clear on the matter. However, the Commodity Futures Trading Commission (CFTC) sought authority from Congress. The crypto spot market and several bills have been introduced in Congress this year to give the CFTC the necessary authority.

SEC Chairman Gary Gensler on Crypto Regulation

Which federal agency should regulate the crypto market has attracted a lot of attention recently. Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said that while most crypto tokens should fall under the purview of securities and his agency, many people and lawmakers believe it should be commodity futures trading. Commission (CFTC) that regulates the crypto sector. Additionally, three bills have been introduced in Congress this year to make the CFTC the regulator of crypto markets.