06-28-2022, 06:32 PM
No, Gerry Gensler did not say that SOLEY BITCOIN is a commodity
<!-- SC_OFF --><div class="md"><p>Context and getting the full quote matters a lot here. Do yourself a favor and watch the actual interview on CNBC. <a href="https://youtu.be/oTa_3W8rMno">https://youtu.be/oTa_3W8rMno</a></p> <p>Starting around 00:55: "...so some of them (cryptoassets) are under the exchange and securities commission. Some, like Bitcoin, and that's the only one Jim I'm gonna say because I'm not gonna talk about any one of these tokens but my predecessors and others have said THEY'RE a commodity..."</p> <p>What Gerry Gensler is saying, is that yes Bitcoin has been treated so far as a commodity, and that SOME coins, tokens outside of Bitcoin MIGHT BE commodities. In other words, there is still a lack of clarity. </p> <p>This lack of clarity however, doesn't automatically imply that Bitcoin will be the only commodity in crypto.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yeetsfeetsdeletes"> /u/yeetsfeetsdeletes </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Context and getting the full quote matters a lot here. Do yourself a favor and watch the actual interview on CNBC. <a href="https://youtu.be/oTa_3W8rMno">https://youtu.be/oTa_3W8rMno</a></p> <p>Starting around 00:55: "...so some of them (cryptoassets) are under the exchange and securities commission. Some, like Bitcoin, and that's the only one Jim I'm gonna say because I'm not gonna talk about any one of these tokens but my predecessors and others have said THEY'RE a commodity..."</p> <p>What Gerry Gensler is saying, is that yes Bitcoin has been treated so far as a commodity, and that SOME coins, tokens outside of Bitcoin MIGHT BE commodities. In other words, there is still a lack of clarity. </p> <p>This lack of clarity however, doesn't automatically imply that Bitcoin will be the only commodity in crypto.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yeetsfeetsdeletes"> /u/yeetsfeetsdeletes </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/">[comments]</a></span>