Gensler had previously argued that ether might be a security after Ethereum’s transition to proof-of-stake last year.
Highlights
- Gensler has said that bitcoin is a commodity but has been reluctant to relinquish control over any other cryptocurrency, including ether.
- He has claimed that the “vast majority” of the thousands of existing cryptocurrencies are securities.
- The two regulators have long been at odds over which agency should take precedence in regulating the crypto markets.
- The regulator has previously argued that ether might be a security after its transition to proof-of-stake last year.
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