SEC chair: PoS cryptocurrencies may be subject to federal securities regulations

Securities and Exchange Commission (SEC) Chairman Gary Gensler said after the Ethereum merger was completed that PoS cryptocurrencies may be subject to federal securities regulations, according to the Wall Street Journal on September 16. Cryptocurrencies and intermediaries that allow holders to "pledge" their tokens may need to pass the Howey test to determine whether their assets are securities, Gensler said.