Community reacts after SEC’s Gensler affirms BTC’s commodity status
Cointelegraph
Published Jun 27, 2022 10:33PM ET
Updated Jun 28, 2022 12:40AM ET
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.
h3 Grayscale Bitcoin ETF/h3 h3 No mention of ETH/h3 h3 Positive for Bitcoin/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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