SEC chair: Bitcoin can replace sovereign currencies

posted 4 months ago
The head of the Securities and Exchange Commission announced that cryptocurrencies are not a security and that Bitcoin could replace sovereign currencies such as the Dollar, Euro or Yen.

“Cryptocurrencies: These are replacements for sovereign currencies, replace the Dollar, the Euro, the Yen with Bitcoin,” SEC Chairman Jay Clayton said on Wednesday. “That type of currency is not a security.”
Tags: opinion, bitcoin