Former SEC Chairman Gary Gensler stated in a Bloomberg interview that all cryptocurrencies, with the exception of Bitcoin, should be considered high-risk and speculative assets. He emphasized his view that most tokens in the market lack fundamental support. Gensler noted that Bitcoin stands apart from the broader market, describing it as being closer to a commodity from a regulatory perspective. This distinction aligns with previous regulatory categorizations but maintains a hawkish stance on the wider altcoin market. The comments come as the industry anticipates potential shifts in regulatory approaches under new leadership, highlighting the ongoing debate regarding asset classification in the United States.