BREAKING: Gary Gensler Tragic Video Discovered, States “Majority of Crypto Market Non-Securities”
In recent news, a video clip has resurfaced of SEC Chairman Gary Gensler teaching a graduate MIT course called “Blockchain and Money”. Within this Fall 2018 class he clearly states that 3/4 of the cryptocurrency market is non-securities. “It’s just a commodity, a cash crypto”
“So we already know in the US and in many other jurisdictions that 3/4 of the market are not ICOs or NOT what would be called securities, even in the US, Canada, and Taiwan, the three jurisdictions that follow something similar to the Howey Test that we’ve talked about. 3/4 of the market is non-securities. It’s just a commodity, a cash crypto.”
This resurfaced video clip is a damaging blow to the Securities & Exchange Commission current war on the cryptocurrency market. This further adds to the SEC’s track record of constant “backtracking” of previous statements made in the past, as clearly observed within the Ripple v. SEC lawsuit.
Although Gary Gensler confidently stated that majority of the cryptocurrency market are not securities, but in fact commodities while working for MIT. Now that he is the Chairman of the SEC the statement is contradicted into “Everything else except Bitcoin is a security” that was publicly stated in early 2023.
The SEC’s reputation is going into further decline as they have conducted a major “regulation by enforcement” tirade on the cryptocurrency market, which has recently resulted in an Ohio congressman officially calling for the removal of Gary Gensler as the SEC Chairman.
