Gary Gensler: SEC Has Never Declared Bitcoin or Ethereum as Securities In a recent Yahoo Finance interview , Gary Gensler , Chairman of the U.S. Securities and Exchange Commission (SEC), clarified a long-standing misconception surrounding Bitcoin (BTC) and Ethereum (ETH). Gensler stated that neither he nor his predecessor, Jay Clayton , had ever labeled Bitcoin or Ethereum as securities . Furthermore, Gensler noted that the SEC itself has refrained from definitively classifying these assets as securities, citing the commission’s mandate and the unique characteristics of these tokens. What Did Gensler Say? Bitcoin and Ethereum’s Status Gensler emphasized that the SEC has never declared Bitcoin or Ethereum as securities . He explained that the nature of the SEC’s work prevents the commission from definitively classifying these tokens as securities. Historical Context Gensler pointed out that investors had access to Bitcoin and Ethereum long before exchange-traded fund (ETF) products involving these assets were launched. This highlights their decentralized origins and their adoption as non-securities by market participants. Why Bitcoin and Ethereum Are Treated Differently Bitcoin’s Decentralization Creation Without Issuers: Bitcoin was created through a decentralized process, with no central authority or initial coin offering (ICO). Global Consensus: Its decentralized nature has led regulators to treat it as a commodity rather than a security. Ethereum’s Evolution Initial Fundraising Questions: While Ethereum’s 2014 ICO sparked some initial scrutiny, its transition to a decentralized network has distanced it from traditional securities classifications. Regulatory Silence: The SEC’s lack of an official declaration on Ethereum reflects the complexity of applying securities laws to blockchain-based assets. Gensler’s Comments in Context Investor Misconceptions Gensler’s clarification comes amid ongoing debates about the classification of cryptocurrencies and regulatory oversight. His statement aims to dispel the notion that the SEC has taken a definitive stance on Bitcoin or Ethereum as securities. SEC’s Mandate Case-by-Case Basis: The SEC evaluates assets individually to determine whether they meet the criteria of a security under the Howey Test . Non-Definitive Statements: Due to this approach, broad classifications of cryptocurrencies remain rare. Implications for Bitcoin and Ethereum Investors Regulatory Clarity Gensler’s remarks reaffirm that Bitcoin and Ethereum are unlikely to face regulatory challenges as securities, ensuring continued confidence among investors. Market Dynamics ETF Adoption: The approval of Bitcoin and Ethereum ETFs demonstrates their acceptance as legitimate investment assets. Institutional Interest: Continued regulatory ambiguity may slow institutional adoption for newer tokens but reassures confidence in Bitcoin and Ethereum. The Broader Debate on Crypto Regulation Other Cryptocurrencies Under Scrutiny While Bitcoin and Ethereum enjoy regulatory leeway, many altcoins face questions regarding their status as securities. Recent SEC enforcement actions have targeted ICOs and tokens deemed to have violated securities laws. Future Clarity Comprehensive Frameworks: As the crypto market evolves, regulatory agencies may introduce clearer guidelines for digital asset classification. Role of Congress: Legislative action could provide the definitive clarity that the SEC currently avoids. Conclusion Gary Gensler’s assertion that neither Bitcoin nor Ethereum has been officially labeled as securities by the SEC underscores their unique status in the cryptocurrency market. While regulatory uncertainty persists for many digital assets, Bitcoin and Ethereum continue to enjoy broad acceptance due to their decentralized nature and established market presence. As crypto regulations evolve, these flagship cryptocurrencies remain key pillars of the digital asset ecosystem. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
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Why Is the Cardano (ADA) Price Up Today?
TL;DR ADA jumped to $1.05, possibly driven by overall market recovery, whale purchases, and Cardano partnership rumors. Analysts predict the asset could reach $1.20 soon, with long-term targets as high as $7 based on technical patterns and upcoming developments. What Caused the Pump? Cardano’s ADA is among the best-performing cryptocurrencies today (January 15), with its price soaring to a one-week high of approximately $1.05 (per CoinGecko’s data). Its market capitalization jumped above $37 billion, thus solidifying the asset’s position in crypto’s top 10 club . ADA Price, Source: CoinGecko Perhaps the most obvious reason fueling the rally is the overall resurgence of the digital asset market. Bitcoin (BTC), whose price briefly dipped below $90K a few days ago, is now worth around $97,000. Ethereum (ETH), Solana (SOL), Ripple (XRP) , and many others have also charted impressive gains in the last 24 hours. Another factor could be the whale activity. The popular X user Ali Martinez revealed that such large investors have accumulated more than 100 million ADA (worth over $100 million) in the past 48 hours. Whale purchases reduce the available supply, potentially creating buying pressure and pushing prices higher due to basic economic principles. The move often signals confidence in the asset, encouraging smaller players to follow suit, further amplifying the upward price movement. Last but not least , ADA’s latest pump could be attributed to the speculations about an upcoming partnership between Ripple and Cardano. The leaders of the two entities have held discussions in the past few months. Most recently, Cardano’s founder Charles Hoskinson hinted the possible collaboration could involve the integration of Ripple’s stablecoin: “We’ve already had a call with the RLUSD people. We are actively talking.” ADA Predictions Many market observers think Cardano’s native token has yet to reach new peaks. X user Ssebi claimed the asset had formed a “big W pattern” on its price chart. According to them, ADA is headed toward $1.20 because it broke the $1.02 depicted resistance. Others who weighed in lately include Dan Gambardello and Altcoin Daily. The former believes ADA has “one of the most bullish weekly pattern setups in crypto,” envisioning a potential price explosion to as high as $7. Altcoin Daily made optimistic forecasts about numerous cryptocurrencies at the start of the year, predicting that ADA’s valuation might reach $6.45 sometime in 2025. Meanwhile, Cardano is poised for significant advancements over the next 12 months that could drive its token’s price higher . To explore what’s planned , check out our detailed video below: The post Why Is the Cardano (ADA) Price Up Today? appeared first on CryptoPotato . Bitcoin World
Turn $500 Into $40,000 with These 3 Altcoins Poised for Major Upside in 2025
The post Turn $500 Into $40,000 with These 3 Altcoins Poised for Major Upside in 2025 appeared first on Coinpedia Fintech News The future of cryptocurrency markets appears immensely bright, with certain assets showing the potential for life-transforming returns. Among the highly valuable cryptocurrency assets are Rexas Finance (RXS), Bonk (BONK), and Pepe (PEPE), with a projected investment of $500 likely to return $40,000. Rexas Finance (RXS): Bridging Innovation and Flexibility Rexas Finance is gaining traction in cryptocurrency by adopting an out-of-the-box approach to asset tokenization. This project was launched to enable fractional ownership in tangible assets like real estate and commodities. This provides liquidity and access to markets unavailable solely to institutional investors. Through its presale, Rexas has raised over $36.6 million and sold over 401 million tokens, with absolute buyer confidence underlining the magnitude of its efforts. In stage 11, each token is pegged at $0.175, making it even more attractive for early-stage investors. Among the various reasons Rexas remains competitive is its scope for disruption. The multi-trillion-dollar asset tokenization industry is poised to be tackled by Rexas, proving why the firm expects hyper-growth. Simultaneously, the CertiK audit provides peace of mind regarding the security and integrity of the platform, while the listings on CoinMarketCap and CoinGecko maximize exposure. What propelled RXS further as one of the more forward-thinking projects was community incentives, such as the $1 million giveaway. Standing out as a high-growth investment opportunity, Rexas Finance has the potential to offer a 19x return on investment. Investors looking to maximize their gains should consider comprehensively adding RXS to their portfolios. BONK (Bonk): Meme Coin That Is On the Rise Bonk, often called “the Dogecoin of Solana,” is gaining popularity as a meme coin with high upside potential. It is traded at $0.0000343 and has a market capitalization of $2.61 billion, thereby showing its ability to attract community-based hype and whales. In December 2024, Bonk rose by 94.91% after it was announced that a hedge fund manager had invested around $2.7 million in the coin. This significant price movement shows how BONK can deliver fast profits through market sentiment and smart investments. People expect Bonk’s growth to reach $0.00008 due to its further expansion of popularity among users. With strong roots in the Solana ecosystem and active participants, BONK is well-placed for 2025’s meme coin mania. Compared to more established coins, however, this carries higher risk; yet for investors seeking ways to turn little savings into big earnings, it offers quite generous prospects. Pepe (PEPE): A Meme Coin on the Edge of a Breakout PEPE has positioned itself as one of the best meme coins, trading at $0.000002057 with a market capitalization of $8.65 billion. Pepe’s appeal lies in its connection to memes, leveraged by a dedicated and engaged community. Recent market activities, which forecast 75x price growth for 2025, indicate bullishness. PEPE emerges with much room to grow among meme coins appealing to small-scale investors. Pepe, like Bonk, carries risks due to high volatility but promises huge returns, attracting investors willing to take calculated risks. For diversification purposes, PEPE offers an exciting opportunity for investors looking to capitalize on this trend in meme coins. Why These Altcoins Are Poised for Major Upside Rexas Finance (RXS): RXS targets a booming market with innovative usage and strong presale performance. Moreover, its potential to appreciate 19 times makes it the most preferred choice for growth-seeking investors. Bonk (BONK): Bonk’s connection to the Solana ecosystem and its ability to generate gains quickly through community-driven hype have positioned it as the top meme coin for 2025. Pepe (PEPE): Pepe’s presence in the more established meme coin market and potential for significant price appreciation make it an attractive option for those willing to take bigger risks. Conclusion: The Path to $40,000 For investors looking to turn $500 into $40,000 by 2025, a combination of Rexas Finance, Bonk, and Pepe offers a balanced play among innovation, buzz, and growth opportunities. Rexas Finance provides stable use-case strength and early-stage growth promise, while Bonk and Pepe use popular culture memes to deliver quick but substantial returns. Diversification and thorough research, however, are important factors to guide anyone through the constantly evolving crypto market. In this context, buying these three altcoins could be a good idea to achieve significant returns next year. If you want to be part of something transformative like RXS or ride the wave of BONK and PEPE tokens, your future bank account might appreciate it. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Bitcoin World