Gary Gensler, chairman of the U.S. SEC, said that the SEC oversees a $110 trillion capital market, of which cryptocurrencies are only a small part, but a huge part of the problem of fraud. He did not directly respond to the question of whether Ethereum is a security or a commodity, but said that the fundamental problem is how to ensure that U.S. investors are protected, that they do not receive the required disclosures. — link

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