SEC Chair, Gary Gensler, has reasserted his view that all crypto assets aside from Bitcoin are subject to US securities laws, a stance that has been met with disagreement from lawyers. Gensler claims that the people behind crypto projects are trying to entice investors and promote tokens, making them securities. However, legal experts argue that Gensler's opinion is not law and that the SEC lacks the authority to regulate any asset until it proves its case in court. Until a regulatory framework is established, the SEC will continue to enforce actions against crypto assets.
