**Gensler: Unwavering SEC Chief, But Could Be Moving Soon? 🤔**
- Gary Gensler, the notoriously tough SEC chief on crypto, is sticking to his guns despite the prospect of being replaced by President-elect Donald Trump.
- In a speech in New York, Gensler asserted that “not all crypto assets are securities,” and Bitcoin has never been treated as a security by the SEC.
- However, he still believes that most other crypto assets are securities, despite the lack of a clear legal classification.
- Interestingly, 18 US states have sued Gensler, accusing the SEC of “overreaching government.”
- Meanwhile, the XRP token has surged 18%, giving investors new hope that the long legal battle with the SEC could soon be over.
What do you think about Gensler’s move? Let’s discuss in the comments column!