SEC Chair Gensler Shares His Opinion on Proof-of-Stake Tokens: Report

U.S. Securities and Exchange Commission Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey Test. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this means for the ongoing crypto turf war between the SEC and the CFTC over regulatory authority.