SEC Chair Gary Gensler Is Wrong About Proof-of-Stake Tokens Like ETH

“The investing public is investing anticipating a return, anticipating one thing on these tokens, whether or not they’re proof-of-stake (PoS) tokens, the place they’re additionally trying to get returns on these proof-of-stake tokens and getting 2%, 4%, 18% returns. No matter they’re selling and placing right into a protocol, and locking up their tokens in a protocol, a protocol that is usually a small group of entrepreneurs and builders are growing, I’d simply counsel that every of those token operators … search to come back into compliance, and the identical with the intermediaries.”