On January 15th, COINOTAG reported insights from The Block revealing comments made by Gary Gensler, the former Chairman of the U.S. Securities and Exchange Commission (SEC). During an interview with Yahoo Finance, Gensler clarified that the SEC has “never stated” that major cryptocurrencies like Bitcoin and Ether qualify as securities. This statement marks a significant position amidst ongoing debates regarding the regulatory status of digital assets. Gensler emphasized that both he and his predecessor, Jay Clayton, have not classified Bitcoin as a security. Such statements are pivotal for investors and the broader market, as they shape the legal landscape concerning cryptocurrency regulations. The clarity provided by Gensler could influence future policies and investor confidence in these leading cryptocurrencies, underscoring the SEC’s role in shaping the crypto ecosystem.