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Gensler defends SEC's crypto stance in House testimony, reiterates that Bitcoin is not a security

From kitco.com

Securities and Exchange Commission (SEC) Chair Gary Gensler appeared in front of the U.S. House Financial Services Committee on Tuesday to testify about how the agency is adapting its oversight and rules to keep up with technological advancements in various fields, including artificial intelligence and cryptocurrencies. “We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,” Gensler said. “But we cannot take this for granted. Even a gold medalist must keep training. That’s why we’re updating our rules for the technology and business models of the 2020s. We do so with ... (full story)

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