Former Chairman of CFTC Categorizes Cryptos

Crypto Exchange Litecoin ICO Trade News

Gary Gensler, the former chairman of Commodity Futures Trading Commission (CFTC) and a senior lecturer at the Massachusetts Institute of Technology, has categorized Ethereum and Ripple as securities and ICOs as tokens and securities. Gensler stated that Bitcoin, Litecoin and Bitcoin Cash are categorized as a commodity and not security is regulated by the Securities and Exchange Commission.

Leave a Reply

Your email address will not be published. Required fields are marked *