Its actions have also shown the SEC’s bias in viewing most crypto, with maybe bitcoin (BTC) as the only exception, as securities, the report said. It noted that SEC Chair Gary Gensler started pushing back against implementing special rules for the crypto industry in September, arguing that most cryptocurrencies should be classed as securities and thus be regulated under existing securities laws.
Source: https://www.coindesk.com/policy/2023/02/23/crypto-regulatory-initiatives-show-secs-dominance-among-us-regulators-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines