Cryptocurrency News
Community reacts after SEC’s Gensler affirms BTC’s commodity status
2022.06.28 10:41
Community reacts after SEC’s Gensler affirms BTC’s commodity status
Securities and Exchange Commission Chairman Gary Gensler riled up Crypto Twitter (NYSE:TWTR) on Monday after affirming that Bitcoin (BTC) is a commodity. Questions were raised about its impact on Grayscales’ proposed Bitcoin ETF and why Ethereum wasn’t mentioned.
Speaking to Jim Cramer on CNBC’s Squawk Box on Monday, June 27, the SEC chair said while many crypto-financial assets have the key attribute of a security, Bitcoin is the “only one” that he was comfortable publicly labeling as a commodity.
