The head of the SEC is ready to take tough measures to protect crypto investors if the industry continues to ignore the legal requirements of the regulator.
Gensler offerst cryptocurrency operators to cooperate with the agency on a voluntary basis, and strictly comply with securities laws. In his opinion, “this will set the right tone in the relationship between the crypto business and the regulator.” Otherwise, Gensler is determined to take coercive measures.
He is not convinced by statements about the outdated provisions of the law adopted back in the thirties of the last century.
The provisions of the law of the 30s clearly and clearly set out all the rules. I don't see the need to revise it. In addition, we have enough different specialized regulators to take an individual approach to working with crypto exchanges.
According to Gensler, many digital assets are classified as securities, and the SEC should regulate them.
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