SEC’s Gensler seen telling hedge funds that Ethereum and Litecoin are ‘not securities’ in 2018 video
A 2018 video has surfaced that shows now-Chairman Gary Gensler saying that 75% of the crypto market is outside of the legal definition of a security.
![SEC’s Gensler seen telling hedge funds that Ethereum and Litecoin are ‘not securities’ in 2018 video](https://content.fortune.com/wp-content/uploads/2023/06/GettyImages-1251959879.jpg?w=2048#)