Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), stated that Bitcoin (CRYPTO: BTC) stands as the only cryptocurrency he would deem a commodity, considering others to be a security. What Happened: In an interview with CNBC on June 27, Gensler provided his insights on Bitcoin’s classification as a commodity as compared to a security.