SEC chair Gary Gensler once again finds himself at the heart of a controversy. Gensler testified to the Senate Banking Committee regarding his stance on cryptocurrencies. During the hearing, Gensler revealed that the currencies using the Proof-of-stake model might be securities. Ethereum, the second largest cryptocurrency, just underwent a merge that shifted its consensus mechanism The post Why SEC Chair Gensler Is Wrong In Calling Ethereum A Security? appeared first on CoinGape.
