- SEC Chair Gary Gensler called Algorand (ALGO) and other crypto tokens âsecuritiesâ in a recent lawsuit against crypto exchange Bittrex.
- Gensler has praised Algorandâs founder Silvio Micali in the past and said that Algorand is a âgreat technology.â
- ALGO had an interesting reaction to the news.
On top of that, regulators, especially those in the U.S., keep serving Wells Notices and lawsuits and providing comments that seem to confuse the industry. The latest example is Gary Gensler calling Algorandâs coin ALGO a security despite having praised it in the past.
SEC Chair Gary Gensler Calls Algorand âSecurityâ
The U.S. Securities and Exchange Commission (SEC) issued...