Categories: Market

Chairman Gary Gensler urges crypto exchanges to register with the SEC

In one explain Recently, Gary Gensler, chairman of the US Securities and Exchange Commission, urged cryptocurrency exchanges to accept operations under the agency’s supervision and on the territory of the country in order to ensure investors’ safe capital by registering with the SEC.

This is part of a plea prepared for an upcoming hearing before the Senate Committee on Banking, Housing and Urban Development scheduled for September 14th. This is due to a number of serious complaints

The SEC chairman assured that his staff and the Commodity Futures Trading Commission are working tirelessly to protect investors. Working with key government agencies, the SEC hopes to create a consistent but rigorous policy framework to run the crypto space in the United States.

“I proposed cryptocurrency projects and platforms to work with the Commission. Many platforms have tens or hundreds of active tokens. While the legal status of each token depends on the facts and the specific case, the probability is that out of 50, 100 or 1,000 tokens there is no platform that is free of securities, ”emphasized Gensler.

In addition, he highlighted the need for a framework for checks and balances to help crypto companies reduce the burden and control limits. He explained that crypto companies can only act as “catalysts of change” within the established framework.

Last month, Gensler had hoped to implement new changes to crypto policy in token offerings, DeFi, stablecoins, credit platforms and ETFs. A lover of negotiations, he invited crypto companies to “speak to the SEC”.

“We do not have adequate investor protection in crypto financing, issuance, trading or lending. Frankly, at this point in time, it’s like the Wild West or the old world that existed before the securities laws were passed. This guy is full of scams, scams and abuse in certain apps. “

We invite you to join our Telegram for faster news: https://t.me/coincunews

Annie

According to Cryptoslate

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

13 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

1 hour ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

2 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

4 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

5 hours ago

This website uses cookies.