SEC’s Gensler Suggests All Crypto Other Than Bitcoin Are Securities

In a recent interview with New York magazine, SEC Chair Gary Gensler suggested that all cryptocurrencies other than bitcoin are securities. The direct quote was: “Everything other than bitcoin, you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth.