{"id":62122,"date":"2026-08-03T09:43:40","date_gmt":"2026-08-03T09:43:40","guid":{"rendered":"https:\/\/bitcoinwisdom.com\/?p=62122"},"modified":"2026-08-03T09:43:40","modified_gmt":"2026-08-03T09:43:40","slug":"sec-chair-takes-one-more-shot-at-crypto-details","status":"publish","type":"post","link":"https:\/\/bitcoinwisdom.com\/pl\/sec-chair-takes-one-more-shot-at-crypto-details\/","title":{"rendered":"Przewodnicz\u0105cy SEC ma jeszcze jeden strza\u0142 w Crypto: szczeg\u00f3\u0142y"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong>SEC Chair Gary Gensler released a 4-minute video taking shots at the crypto industry, claiming them to be &#8220;investment contracts.&#8221;\u00a0<\/strong><\/li>\n\n\n\n<li><strong>&#8220;Crypto platforms are contending that their investment contracts are something else,&#8221; he said, asking them to register their offerings as securities.<\/strong><\/li>\n\n\n\n<li><strong>&#8220;It doesn\u2019t matter if you call yourself onshore or offshore. If you make securities available to American investors, you must comply with American laws.&#8221;<\/strong><\/li>\n\n\n\n<li><strong>Videos of the SEC Chair calling three-quarters of the cryptocurrencies similar to cash and commodity 2018 have gone viral on social media.<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p>The situation in the US regarding the regulation of digital assets is worsening, as many crypto firms have deemed the regulatory environment in the country unsuitable to work with. Furthermore, the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has played a major role in the same. It is crucial to note that Gensler took another shot at the cryptocurrencies, stating that these blockchain-based tokens are securities.&nbsp;<\/p>\n\n\n\n<p>Gensler has been quite vocal regarding his views on cryptocurrencies, stating multiple times that companies that provide services related to digital assets should register themselves with the regulator. However, leading crypto companies in the US, like <a class=\"wpil_keyword_link\" href=\"https:\/\/bitcoinwisdom.com\/coinbase-review\/\" title=\"Coinbase\" data-wpil-keyword-link=\"linked\">Coinbase<\/a>, claim that meeting with the regulator several times to initiate the registration process yielded no positive results.&nbsp;<\/p>\n\n\n\n<p>Interestingly, on April 27, Gensler shared a 4-minute video of himself describing crypto assets as &#8220;investment contracts&#8221; while asking crypto exchanges and other related companies to come and register with the regulator and follow its <a href=\"https:\/\/www.sec.gov\/about\/about-securities-laws#secexact1934\" class=\"ek-link\" rel=\"nofollow noopener\" target=\"_blank\">guidelines<\/a>, which remain unclear.\u00a0<\/p>\n\n\n\n<p>He said that &#8220;many crypto platforms are contending that their investment contracts are something else&#8221; and stated that &#8220;the law cares about what something actually is, not what you call it.&#8221;<\/p>\n\n\n\n<p>The Chair said that &#8220;an investment contract exists when you invest money in a common enterprise with a reasonable expectation of profits, to be derived from the efforts of others,&#8221; while adding:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Crypto markets suffer from a lack of regulatory compliance. It&#8217;s not a lack of regulatory clarity. [&#8230;] The law is clear, if you\u2019re a securities exchange, clearinghouse, broker or dealer, you must come into compliance and register with us.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Intermediaries for investment contracts are required to comply with securities laws &amp; register with <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@SECGov<\/a>.<br><br>Instead, many crypto platforms are contending that their investment contracts are something else.<br><br>The law cares about what something actually is, not what you call it.<\/p>&mdash; Gary Gensler (@GaryGensler) <a href=\"https:\/\/twitter.com\/GaryGensler\/status\/1651624244445421591?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">April 27, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It doesn\u2019t matter if you call yourself onshore or offshore. If you make securities available to American investors, you must comply with American laws,&#8221; Gensler said.<\/p>\n<\/blockquote>\n\n\n\n<p>On the other hand, the crypto community was quick to point out that prior to his appointment as the Chairman of the Commission, Gensler had different views regarding cryptocurrencies.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Intermediaries for investment contracts are required to comply with securities laws &amp; register with <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@SECGov<\/a>.<br><br>Instead, many crypto platforms are contending that their investment contracts are something else.<br><br>The law cares about what something actually is, not what you call it.<\/p>&mdash; Gary Gensler (@GaryGensler) <a href=\"https:\/\/twitter.com\/GaryGensler\/status\/1651624244445421591?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">April 27, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Videos of Gensler have gone viral in the crypto community, wherein he stated that cryptocurrencies can be considered commodities and compared to cash while describing digital assets as &#8220;non-securities.&#8221; These comments come from the &#8220;Blockchain and Money&#8221; lecture in 2018, when he was employed as a professor at the Massachusetts Institute of Technology (MIT).<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Three-quarters of the market is non-securities; it&#8217;s just a commodity: cash, crypto,&#8221; Gensler said in the MIT lecture.&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Another one &#8211; The below clip is from a Fall 2018 Graduate MIT course called &quot;Blockchain and Money&quot;<br><br>Gary Gensler &#8211; the current President of the SEC, was the professor.<br><br>Once again, I will let the below video speak for itself. <br><br>Lecture 8: Public Policy &#8211; October 1, 2018 <br><br>&quot;We&#39;ll\u2026 <a href=\"https:\/\/t.co\/rvweW2rz5t\" rel=\"nofollow\">pic.twitter.com\/rvweW2rz5t<\/a><\/p>&mdash; zk-\ud83e\udd88 (@ZK_shark) <a href=\"https:\/\/twitter.com\/ZK_shark\/status\/1651594738229805056?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">April 27, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Users also pointed out the Gensler&#8217;s inability to answer if Ether (ETH), the world\u2019s second-largest digital asset, is a security or a commodity.\u00a0<\/p>\n\n\n\n<p>As recently reported by BitcoinWisdom, the Chairman of the United States House Financial Services Committee, Patrick McHenry, brought up the Commission\u2019s &#8220;punishing&#8221; of digital asset firms through<a href=\"https:\/\/bitcoinwisdom.com\/sec-chair-gary-gensler-unable-to-answer-if-ether-is-security\/\"> regulation and enforcement without a clear path<\/a> to compliance in an oversight hearing.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Clearly an asset cannot be both a commodity and a security,&#8221; said McHenry. &#8220;I\u2019m asking you, sitting in your chair now, to make an assessment under the laws as they exist: is Ether a commodity or a security?&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>Gensler was unable to answer the question above directly, giving vague replies to stall the Congressman. The crypto community asked McHenry to impeach Gensler and &#8220;constrain him from doing further vandalism immediately.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Przewodnicz\u0105cy SEC Gary Gensler opublikowa\u0142 4-minutowy film przedstawiaj\u0105cy zdj\u0119cia bran\u017cy kryptowalut, twierdz\u0105c, \u017ce s\u0105 to \u201eumowy inwestycyjne\u201d.\u00a0<\/p>","protected":false},"author":21,"featured_media":62125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[191,12],"tags":[620,267],"class_list":["post-62122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-talk","category-news","tag-gary-gensler","tag-sec"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair.jpg",1200,675,false],"thumbnail":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair-500x330.jpg",500,330,true],"medium":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair-300x169.jpg",300,169,true],"medium_large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair-768x432.jpg",640,360,true],"large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair.jpg",1200,675,false],"2048x2048":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair.jpg",1200,675,false],"trp-custom-language-flag":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/04\/SEC-Chair-18x10.jpg",18,10,true]},"uagb_author_info":{"display_name":"Parth Dubey","author_link":"https:\/\/bitcoinwisdom.com\/pl\/author\/parth\/"},"uagb_comment_info":0,"uagb_excerpt":"SEC Chair Gary Gensler released a 4-minute video taking shots at the crypto industry, claiming them to be \"investment contracts.\"\u00a0","_links":{"self":[{"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/posts\/62122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/comments?post=62122"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/posts\/62122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/media\/62125"}],"wp:attachment":[{"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/media?parent=62122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/categories?post=62122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/pl\/wp-json\/wp\/v2\/tags?post=62122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}