• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, September 29, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

SEC Chair Gensler’s Prior Endorsement of Algorand Contradicts Recent Unregistered Security Claim

18 April 2023
in News
Reading Time: 3 mins read
112 6
Home News

Last updated on April 22nd, 2024 at 02:55 pm

A video of Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), praising Algorand has resurfaced on Twitter following the SEC’s declaration that ALGO, the Algorand blockchain’s native token, is an unregistered security.

A Video of Gary Gensler, Chair of U.S SEC Praising Algorand

The video is from a “Fintech Beyond Crisis” conference held at the Massachusetts Institute of Technology in April 2019, where Gensler spoke positively about Algorand’s intelligent contract platform and its potential for supporting a high-performance contract network. During his speech, Gensler acknowledged Silvio Micali, Algorand’s founder, who was present at the event and is a former colleague of Gensler’s from MIT.

The SEC’s recent actions against Bittrex, a crypto trading platform, included a lawsuit alleging that ALGO was an unregistered security, specifically targeting the Algorand Foundation’s ICO of ALGO in June 2019. 

Gary Gensler was SHILLING $ALGO and now he’s trying to call it a security.

This dude is all over the place, and he’s gotta go ➡️ pic.twitter.com/JmpL9xAZhq

— MASON VERSLUIS 🏆🔮 (@MasonVersluis) April 17, 2023

Mason Versluis, a cryptocurrency researcher, took to Twitter to criticize Gensler for having previously endorsed ALGO in light of the SEC’s recent actions with other crypto community members accusing Gensler of being hypocritical.

Cinneamhain Ventures partner Adam Cochran was prompted to question the advice of Gensler, which has long recommended that crypto companies register with the regulator, after watching the video. 

Cochran stated that if there is a way to register, a highly regarded MIT professor who has a personal relationship with the chairman of the SEC can surely figure it out or even directly contact the chairman. However, instead of relying on established precedent, the SEC’s complaint contends that “securities are adaptable and encompass cryptocurrency assets.”

10/18

Further, rather than take action against Algorand (and the other tokens outlined in the complaint) directly, allowing them to defend themselves, they’ve been merely called out as securities in another case.

An utter violation of due process.

— Adam Cochran (adamscochran.eth) (@adamscochran) April 17, 2023

On April 17, DeFi Planet reported that Congressman Warren Davidson, from Ohio’s 8th District, announced plans to introduce legislation that could lead to the removal of Gary Gensler from his position as SEC chairman.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: AlgorandSEC
Share69Tweet43Share12
Previous Post

EU Legislators Call for Safe and Human-centric AI

Next Post

UAE’s SCA To Accept License Applications for Virtual Asset Services

Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

source: bloomberg.com
News

Telegram CEO Pavel Durov Reveals French Intelligence Push to Censor Telegram Channels

29 September 2025
source: decrypt.co
Crypto

Aster CEO Unveils Plans for Trading-Focused Chain and Flexible Token Buybacks

29 September 2025
source: cryptonews.com.au
Crime

Hyperdrive Restores Operations, Compensates Users After $700K Exploit on Hyperliquid

29 September 2025
Strategy.com
Bitcoin

MicroStrategy Expands Bitcoin Holdings With $22M Purchase Despite Price Dip

29 September 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto Adoption Soars in Australia—But Banks Are Pulling the Plug

6 hours ago

Could Quantum Computers Bring Lost Bitcoin Back to Life?

7 hours ago

Is the UK’s Blockchain Petition a Genuine Catalyst or a Dazzling Distraction?

8 hours ago

Solana Market Cap Hits $120 Billion: A Breakthrough Moment for Adoption?

9 hours ago

Your Weekend Crypto Roundup | September 2025 (Week 4)

3 days ago

Network Tokens on the Edge: Commodities vs Securities and the SEC’s Next Big Move

4 days ago
Read More

Events

Blockchain Life 2025
Blockchain Life 2025
28 Oct 25

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Eightco Holdings Inc. (ORBS) Announces 16.9 Million Verified World Humans, Adding 1.9 Million Since Launching Worldcoin Treasury Just 3 Weeks Ago

bychainwire
29 September 2025
0

WBTC Strengthens its Role as Multichain Standard for Bitcoin in DeFi

bychainwire
29 September 2025
0

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.65 Million Tokens and Total Crypto and Cash Holdings of $11.6 Billion

bychainwire
29 September 2025
0

McKay Brothers Launches Fastest Private Transport for Crypto & FX Trading Between London and Singapore

bychainwire
29 September 2025
0

Alt.town Introduces $TOWN Token Utility Across Platform Services and Launches ValueFi Deposit Event

bychainwire
29 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00