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Cryptocurrency News

Gillibrand and Lummis state that most altcoins are securities

06/09/2022

Less than a minute

2022.06.09 06:32

Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation — but confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities.

Lummis and Gillibrand both agreed with Securities and Exchange Commision Chair Gary Gensler’s assessment that most cryptocurrencies are securities under the Howey test with Gillibrand stating:

Source

06/09/2022

Less than a minute