Gary Gensler: bitcoin is the only crypto that resembles a commodity
- —Gensler called bitcoin the only token with commodity-like characteristics
- —In his view, altcoins have no dividends or cash flows
- —Dollar-backed stablecoins were placed in a separate category
- —At the time of the interview, bitcoin was trading around $92,000
Why it matters: The former SEC chair's remarks reaffirm bitcoin's commodity status and widen the regulatory gap between bitcoin and altcoins.
Source: Crypto Briefing