SEC Chairman Changes Stance on Cryptocurrency with Statement on Lack of Token Disclosure

In a recent interview on CNBC Squawk Box, Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), appears to have softened his stance on cryptocurrencies. Previously stating that “all tokens are securities,” he now emphasizes that “tokens lack proper disclosure.” When asked about other token ETFs, Gensler avoided the topic and instead discussed the risks associated with cryptocurrencies.