banking CEOs, crypto groups, they've been flooding Capitol Hill in recent weeks as senators are trying to come closer to an agreement on when to classify crypto as a security and when to classify it as a commodity and how to prevent crypto for being used for illegal activities. Yet, lawmakers I spoke to leaving a bipartisan meeting yesterday said there is still work to be done. >> We're making progress.Um, but we're not, it's clear to me anyway that we're not there yet. >> That's that's Senator John Kennedy ...

Former SEC Chairman Gary Gensler said in a Bloomberg interview that all cryptocurrencies, except Bitcoin, are high-risk and speculative assets, emphasizing that most tokens lack fundamental support. Gensler noted that Bitcoin is closer to a commodity from a regulatory perspective, while the thousands of other tokens should be approached with caution by investors. https://t.co/vyTwnxaPF6 ...

Funny how the definition of a commodity is so fluid now. ...