SEC’s Gensler Reiterates Bitcoin Alone Is a Commodity. Is He Right?

U.S. Securities and Exchange Commission Chair Gary Gensler has reiterated his claim that bitcoin (BTC) is a commodity. His interpretation is partially rooted in precedent and, one would hope, reality.

“Some, like bitcoin, and that’s the only one, Jim, I’m going to say because I’m not going to talk about any one of these tokens [that] my predecessors and others have said [are] a commodity,” Gensler said in an interview with CNBC’s Jim Cramer on Monday.

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