Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws

Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws

Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies by market capitalization also retreated after the U.S. Securities and Exchange Commission Chairman Gary Gensler said the crypto industry is running out of time to comply with securities laws. He spoke on Wednesday in an interview with Yahoo Finance.

See related article: SEC’s Gensler says proof-of-stake cryptocurrencies may be securities

Fast facts

  • Bitcoin fell 1.4% to US$16,847…


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