Gary Gensler SEC, 75% of crypto are commodities not securities his own words

Here is a short clip of Gary Gensler's presentation to his students at MIT, where he was a professor. Here he says that 75% of crypto are commodities and not securities! Why has Gary Gensler done an about-face and now says the exact opposite, that most cryptos are securities! Must be in bed with the deep state who dislike legitimate money that they can not control

Perhaps his about-face is part of what they call choke point 2.0, where it is quite evident that the people running our government are rather concerned that legitimate cryptocurrencies would be a competitor to the soon-to-be-announced Fed now, a new form of Central Bank digital currency, scheduled for release this month.

Here are some Gary Gensler quotes from this video.

" so we already know in the US and in many other jurisdictions that three-quarters of the market are not ico's or are not what would be called securities. Their commodities Gensler is referring to the fact that most cryptocurrencies are not investment contracts which are the type of security that is most commonly regulated by the FDA fee. instead most cryptocurrencies are more like commodities with your assets that are bought and sold for their own sake rather than for the investment potential

Why are Gary Gensler's comments in this video in stark contrast to what he says now in 2023?

It would seem that you cannot trust a person who speaks from their butt cheeks!

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