U.S. Securities and Exchange Chairman Gary Gensler has won the ire of many in the crypto community by arguing that the vast majority of digital tokens are securities and that their issuers are violating the law by not registering with the agency.
Republican Sen. Cynthia Lummis of Wyoming said Tuesday “I agree with him” on this point, during a live interview with the Washington Post.
Lummis emphasized, however, that bitcoin and ether, which account for about 65% of the total cryptocurrency market capitalization, are obviously commodities that should be regulated by the Commodity Futures Trading Commission. She added that because there are possibly as many as 19,000 individual cryptocurrencies and that it’s likely that most are securities.
‘Enforcement 40’ for 2020
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