SEC Chairman Gary Gensler has outlined what to expect from the SEC on U.S. crypto regulation. cryptocurrency bitcoin $BTC
The chairman of the U.S. Securities and Exchange Commission , Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained.SEC Chairman Gary Gensler outlined what to expect from his agency on U.S. crypto regulation Thursday in an interview with Yahoo Finance Live.
So, we at the SEC, are working in each of those three fields — exchanges, lending, and the broker-dealers — and talking to industry participants about how to come into compliance, or modify some of that compliance. He explained that the SEC has the authority from Congress to modify some rules to better protect investors, stating:
He noted that the securities watchdog can even tailor what the disclosures might be for tokens themselves, adding that perhaps not all disclosures for someone issuing equities apply to crypto issuers.
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