The co-founder of the original memecoin is calling out Gary Gensler after the U.S. Securities and Exchange Commission (SEC) chair said Bitcoin (BTC) is not a security.
In a new interview with CNBC, SEC chair Gensler states clearly that BTC is not a security.
“As it relates to Bitcoin, my predecessor and I have said that it’s not a security.”
Bitcoin’s designation as a “non-security” places regulation of the flagship crypto outside the SEC’s jurisdiction.
Responding to the news, Dogecoin (DOGE) creator Billy Markus took to the social media platform X to call out Gensler for not giving DOGE the same classification.
“he should say dogecoin isn’t a security also as it is mostly bitcoin code and works exactly the same way”
Gensler has yet to respond to the vocal DOGE co-founder.
This is not the first time Markus has criticized Gensler’s performance as SEC chair. In December of last year, Markus responded to a Gensler claim that fraud and noncompliance are rife within the digital assets industry with some harsh words.
“You’ve never laid out any actual rules, you just hand wave. You’re basically useless in every single way.”
DOGE is trading for $0.117 at time of writing, up 11% in the last week.
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