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Gensler Congress comments indicate crypto regulatory impasse set to continue

Photo: Anna Moneymaker/Getty Images

The SEC Chair has come under fire from Republican and industry bigwigs who say the SEC is implementing regulation by enforcement.

The question of whether crypto should be classified for regulatory purposes as a security or a commodity was left open yesterday, when SEC Chair Gary Gensler refused to give a direct answer regarding Ether at a congressional hearing.

“Actually, all securities are commodities under the Commodity Exchange Act. It’s that