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Video of SEC chair praising Algorand resurfaces after recently deeming it a security

Published 04/18/2023, 02:39 AM
Updated 04/18/2023, 04:20 AM
© Reuters.
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A four-year-old video of United States Securities and Exchange Commission Chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring that ALGO is an unregistered security.

In the video, Gensler referred to Algorand as a “great technology” while he was contemplating whether a “high performance” smart contract network would be capable of integrating an Uber (NYSE:UBER) or Lyft-like application on its platform.

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