According to BlockBeats news, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said in an interview with New York Magazine that almost all types of encrypted transactions except Bitcoin belong to securities transactions under the jurisdiction of the SEC. "These Tokens are securities. Because there is an intermediary group, and public expectations are based on that group's profits," there are various complex and legally opaque mechanisms behind these cryptocurrencies, but at the most basic level, they are trying to promote their tokens and attract investment By. Bitcoin is fundamentally different from other crypto projects in this regard due to its unique history and creation story.
US SEC Chairman: All Cryptocurrencies Except Bitcoin Are Securities
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