Dogecoin Creator Pushes SEC Chair To Declare DOGE A Non-Security, Just Like Bitcoin

Dogecoin Creator Pushes SEC Chair To Declare DOGE A Non-Security, Just Like Bitcoin
фото показано с : zycrypto.com

2024-9-27 00:39

In a Thursday interview with CNBC’s Squawk Box, Securities and Exchange Commission (SEC) boss Gary Gensler reiterated that Bitcoin does not qualify as a security under his agency’s regulatory purview.

Gensler cited the landmark approval of nearly a dozen spot Bitcoin exchange-traded funds (ETFs) in January, now trading on US exchanges, as proof of Bitcoin’s non-security status.

“As it related to Bitcoin, my predecessor and I have said that’s not a security,” he said. “You now have a way that you can actually express that view — buy into that through exchange-traded products.”

Gensler has long held the view that most cryptocurrencies, besides Bitcoin, are securities under U.S. laws and, thus, subject to SEC regulation.

Today, he asserted that the crypto industry cannot continue without adequate investor protection, pointing to the implosion of high-profile crypto companies that led to gargantuan customer losses.

When asked about the crypto sphere’s complaints about the murky rules, Gensler countered, “Not liking the rules is not the same as denying that there are rules.

While Gensler has refrained from publicly affirming Ethereum’s non-security status, industry commentators saw the SEC’s decision to approve spot ETH ETFs as a sign the regulator considered the second-biggest crypto a commodity.

Is Dogecoin A Security Or Not?

Meanwhile, Dogecoin creator Billy Markus (aka Shibetoshi Nakamoto) has urged Gensler also to declare Dogecoin a nonsecurity since the OG meme coin copied its code from Bitcoin’s original codebase, and both cryptocurrencies basically work the same.

he should say dogecoin isn’t a security also as it is mostly bitcoin code and works exactly the same way

— Shibetoshi Nakamoto (@BillyM2k) September 26, 2024

However, an X user by the name of Daniel told Markus that, unlike Bitcoin, DOGE has an infinite supply. The meme coin inventor argued that this is simply a single line of code that could be changed with the approval of miners. “Same exact process as Bitcoin,” Markus concluded while criticizing Daniel for not being intelligent.

It’s worth noting that the SEC has not named Dogecoin as a security in any of its numerous regulatory enforcement actions against crypto exchanges. However, neither the Commission nor its boss, Gensler, has openly approved DOGE as a non-security.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68693.99 (-0.14%)
Объем 24H $41.882b
Изменеия 24h: -0.07 %, 7d: -3.44 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1358.629b Rank 1
Цена в час новости $ 65512.84 (4.86%)

sec bitcoin besides cryptocurrencies securities laws subject

Источник: zycrypto.com

sec bitcoin → Результатов: 126


FBI arrests Alabama man in connection with fake SEC Bitcoin ETF post

Eric Council Jr. has been charged with conspiracy to commit aggravated identity theft and access device fraud In January, the SEC’s X account was hacked with a post claiming that the agency had approved the first Bitcoin ETF A day later, the SEC approved the first Bitcoin ETFs A 25-year-old man from Athens, Alabama has […] The post FBI arrests Alabama man in connection with fake SEC Bitcoin ETF post appeared first on CoinJournal.

2024-10-21 00:07


Фото:

New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’

The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor protections for this asset class. New SEC Chairman Talks […]

2021-5-9 18:30


Фото:

Bitcoin ETF Is a Lost Cause Until Jay Clayton Heads SEC, Says US Counsel

Every single Bitcoin ETF proposal sent to the US Securities and Exchange Commission (SEC) to date has been cold-shouldered by the regulators. The reasons cited sometimes vary, but the underlying theme remains the same in nearly all rejections and it has a lot to do with the deep sense of mistrust the SEC harbors towards […] The post Bitcoin ETF Is a Lost Cause Until Jay Clayton Heads SEC, Says US Counsel appeared first on BeInCrypto.

2019-10-12 04:34


Why Is The SEC So Scared Of A Bitcoin ETF?

Manipulation is not unique to crypto. It’s alive and well in stock markets, not to mention the Forex market. So why is the SEC so afraid of approving a Bitcoin ETF? And why is “manipulation” the main reason for not approving one? While the SEC has not entirely ruled out cryptocurrencies, the virtual asset class […] The post Why Is The SEC So Scared Of A Bitcoin ETF? appeared first on Crypto Briefing.

2019-5-29 00:54


SEC Chases Billions out of US Economy by Dragging Feet on Bitcoin ETF

Many cryptocurrency investors and entrepreneurs have anxiously awaited a green light from the U. S. Securities and Exchange Commission for the first bitcoin exchange-traded fund (ETF). A bitcoin ETF would bring more products to Wall Street and give institutional investors more direct access to an asset class they are clearly very enthusiastic about in 2019.

2019-3-15 18:23


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin price slumps after recent surge: How low could it go?

Dogecoin has continued to see a positive funding rate despite its decline. Price has dropped by almost 5% as of this report. Dogecoin's recent price action has been dramatic, with the populaThe post Dogecoin price slumps after recent surge: How low could it go? appeared first on AMBCrypto.

Dogecoin's latest bullish flag pattern can push DOGE's price to...

Dogecoin’s price appreciated by more than 20% in the last seven days A few market indicators hinted at a correction in the near term Dogecoin [DOGE] defied all odds last week with its imprThe post Dogecoin's latest bullish flag pattern can push DOGE's price to... appeared first on AMBCrypto.

Dogecoin's 22% hike a product of Musk-Trump buzz, but is there more to come?

Dogecoin rallied by 22% amid the Musk-Trump buzz, with 86% of holders in profit and active large transactions On-chain metrics flashed generally bullish signals too Dogecoin's (DOGE) price hThe post Dogecoin's 22% hike a product of Musk-Trump buzz, but is there more to come? appeared first on AMBCrypto.

Crypto price predictions: Popcat, Vantard, Dogecoin

Meme coins have been some of the best-performing cryptocurrencies this year, with Popcat token soaring by over 17,000% from its lowest level this year. Many other similar tokens like Cat in a dogs world, Brett, and Mog Coin soaring by triple digits this year.

Dogecoin’s market dominance hits 1% - Thank you whales, but what's next?

Dogecoin bulls showed up strong as the memecoin demonstrated its dominant position Whales have been accumulating, but exchange flows suggested that profit taking is happening Dogecoin appearThe post Dogecoin’s market dominance hits 1% - Thank you whales, but what's next? appeared first on AMBCrypto.

Will Dogecoin finally break THIS level after BTC’s surge to $71K?

Dogecoin approached critical resistance; a break above $0.16460 could trigger a rally toward $0.20. Overbought signals hinted at a potential DOGE pullback, while whale activity pointed to increThe post Will Dogecoin finally break THIS level after BTC’s surge to $71K? appeared first on AMBCrypto.