Bitcoin.com
2023-12-07 02:30:13

New Jersey Bill Proposes Classifying All Crypto Tokens Sold to Institutional Investors as Securities

A bill has been introduced in the U.S. state of New Jersey to classify all cryptocurrencies issued and sold directly to institutional investors as securities. In contrast, the U.S. Securities and Exchange Commission (SEC) has previously stated that bitcoin is not a security, but SEC Chairman Gary Gensler views all other crypto tokens as securities.

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