SEC Chair Gary Gensler recently visited New York University, where he shared his views on the future of cryptocurrencies. In response to questions from students and former Democratic Rep. Robert Jackson, Gensler stated that "crypto is unlikely to become a currency." He emphasized that the SEC has a framework for digital asset securities, but cryptocurrencies are considered commodities where speculation is possible. Gensler believes that crypto's widespread use as a medium of exchange is improbable. This aligns with the SEC's ongoing scrutiny of the crypto industry, focusing on protecting investors and promoting market integrity.