Here’s what Gensler should have said: “Yes, ETH is a security.”
Dancing around the question is never a good look.
He said it in an interview with NYMag. I don’t know why he didn’t say it today. What did he gain by not saying it?
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Optionality? Does seem odd he doesn’t just come out and say it
That makes sense. I also wonder if he is thinking about the eth market chaos that would ensue. Maybe he doesn’t want to deal with the blowback so he’ll let the courts settle it.
