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“Several crypto tokens are bonds,” says new SEC chairman Gary Gensler



In the midst of a long legal battle against Ripple for allegedly selling securities without SEC authorization, the agency’s new president said in a TV interview that several crypto market tokens are in fact securities.

Speaking on CNBC’s Squawk Box, Gary Gensler said:

“I think that insofar as something is a security (or not), the SEC has a lot of authority to define and a lot of crypto tokens – I won’t call them cryptocurrencies right now – they are in fact security. The previous President indicated this. The previous SEC brought a number of enforcement actions to bring some of these security or investment contract tokens into the rules. ”

This may signal a possible interpretation – it is not just XRP being considered as a title, but a lot of tokens that will fall into the same category.


Ripple’s CEO Brad Garlinghouse has on several occasions criticized the SEC for its lack of clarity. Their struggle with American regulators is still going on. He stated in a recent interview: “The SEC said that the XRP is a security. And now we are involved in a discussion in the court. So far, I feel good about the way it is going (the process), but it is certainly frustrating. ”

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