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Despite suffering two setbacks in the court, the U.S. SEC chair Gary Gensler still believes that crypto assets are securities.
However, Gary Gensler, the SEC Chair, may intrude on that peace of mind.
New York Representative Ritchie Torres urged the US Securities and Exchange Commission (SEC) and its Chairman Gary Gensler after “crypto regulation by enforcement had a dreadful day in court.”
"No law or regulation authorizes the SEC to charge Coinbase for the alleged violations in the Wells notice," Grewal said, noting what he perceives as a change in view by SEC Chair Gary Gensler.
This dynamic may be, in part, why Gary Gensler, the chair of the Securities and Exchange Commission, told that every altcoin, including those related to stablecoins, is actually a security.
“Today’s predictive data analytics models provide an increasing ability to make predictions about each of us as individuals,” says SEC chairman Gary Gensler.
Source: https://www.city-journal.org/article/the-secs-wrongheaded-ai-crackdown
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