US Securities and Exchange Commission (SEC) Chairman Gary Gensler, in a program he attended on CNBC, left the question of whether Ethereum (ETH) is an unregistered security or not.
Gens said that thousands of crypto projects have the goal of raising money from people, but it is also important for them to share a series of statements about investors.
The head of the SEC said that many cryptocurrency projects that are a security try to look like something else so as not to bother with registering with the SEC. Gensler lamented the lack of alignment in the industry:
Gensler said the SEC would not comment on specific cryptos, and has repeatedly left the same question unanswered during his tenure.