SEC head advocates the inclusion of altcoins in the category of securities

Gary Gensler, head of the U.S. Securities and Exchange Commission (SEC), believes that all digital currencies except for bitcoin can be included in the category of securities and regulate them using existing legislation.
He made this point in an interview with The New York Magazine and also acknowledged the enormous potential of blockchain technology.
Gensler recalled that equity investments in companies such as Amazon are regulated using the stock market regulatory framework.

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