The Securities and Exchange Commission (SEC) has announced plans to regulate cryptocurrencies under securities laws. The SEC’s Chairman, Gary Gensler, has stated that many digital assets may be classified as securities, which would require them to adhere to stringent registration and reporting requirements. This move is seen as a significant development in the ongoing regulatory debate surrounding cryptocurrency and could have far-reaching implications for the future of the industry. Critics argue that such regulation would stifle innovation, while supporters contend that it would provide much-needed investor protection. The announcement has caused volatility in the cryptocurrency market as investors grapple with the potential impact of this new regulatory framework.