Gillibrand and Lummis state that most altcoins are securities -Breaking
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Lummis and Gillibrand state that the majority of altcoins can be considered securities.Senators Kirsten Gillibrand, Cyntia Lampis and Cyntia Lumis think that many altcoins could be considered securities Their proposed new legislation — but confirmed that (BTCEther (ETHThe following will be classified as commodities:
Lummis and Gillibrand both agreed with Securities and Exchange Commision Chair Gary Gensler’s assessment that most cryptocurrencies are securities under the Howey test with Gillibrand stating:
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