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SEC Chairman Gary Gensler recently made comments on Bitcoin and Ethereum, continuing the largely uncharted conversations regarding cryptocurrencies’ place in our present and future financial systems. While his comments covered a broad scope, he notably avoided classifying Ethereum as a security.
Gensler highlighted both the potential and the pitfalls of these digital currencies. He empathized with the possibilities offered by Decentralized Finance (DeFi) and blockchain technology for innovation in finance. Blockchain technology, which underpins cryptocurrencies like Bitcoin and Ethereum