{"id":75639,"date":"2023-03-16T10:16:59","date_gmt":"2023-03-16T08:16:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75639"},"modified":"2025-09-10T12:47:59","modified_gmt":"2025-09-10T09:47:59","slug":"gary-gensler-suggests-proof-of-stake-tokens-could-be-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gary-gensler-suggests-proof-of-stake-tokens-could-be-securities\/","title":{"rendered":"Gary Gensler suggests Proof-of-Stake tokens could be securities"},"content":{"rendered":"<p>Chairman of the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Gary Gensler suggested that tokens on the Proof-of-Stake (PoS) consensus algorithm could be considered securities under U.S. law, <a href=\"https:\/\/www.theblock.co\/post\/220297\/gensler-suggests-proof-of-stake-tokens-are-securities\">The Block<\/a> reports.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Investors expect profits from these tokens, whether PoS assets where they anticipate returns of 2%, 4% or 18%. Regardless of what is promoted or staked in the protocol, they lock coins in it,&#8221; said Gensler.<\/p>\n<\/blockquote>\n<p>According to the head of the agency, such protocols are often developed by a small group of entrepreneurs and developers. Gensler believes that all such token operators should comply with regulatory norms. The same applies to intermediaries, he added.<\/p>\n<p>His comments followed questions from journalists about the recent remarks by the chairman of the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>, Rostin Behnam. Behnam confirmed that he and the agency he leads classify Ethereum as a commodity.<\/p>\n<p>In February, Gensler hinted at the possibility of recognizing all cryptocurrencies, except Bitcoin, as securities. His position drew criticism from lawyers in the industry.<\/p>\n<p>In September 2022, during a Senate hearing, he allowed that digital assets on PoS could receive such a classification after passing the <a href=\"https:\/\/www.investopedia.com\/terms\/h\/howey-test.asp\">Howey test<\/a>.<\/p>\n<p>In 2023, the Commission took the first enforcement actions against staking products. The Kraken exchange, as a result, settled the charges with the SEC, agreeing to shut down the relevant program and pay $30 million in penalties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, suggested that tokens on the Proof-of-Stake (PoS) consensus algorithm could be considered securities under U.S. law, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":75640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Gensler hints that PoS tokens could be securities.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1181,1138,77,128],"class_list":["post-75639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gary-gensler","tag-opinions","tag-proof-of-stake","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"Gensler hints that PoS tokens could be securities.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75639"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75639\/revisions"}],"predecessor-version":[{"id":75641,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75639\/revisions\/75641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75640"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}