SEC Chairman Gary Gensler Existing Securities Laws Apply to Cryptocurrency Many Entities in Crypto Space Not Compliant with Regulations

SEC Chairman Gensler discussed the intersection of cryptocurrency and securities law, the political impact of crypto regulation, and his priorities at the SEC in an interview at the Bloomberg Investment Summit. Gensler emphasized that existing securities laws apply to crypto securities. The rules governing securities are clear and can protect investors, ensuring fair, orderly, and efficient markets. He believes that many entities in the crypto space are not complying with these laws, which is a key issue that the SEC aims to address through its regulatory oversight. Regarding the growing political significance of the crypto industry, Gensler stated that his primary responsibility is to protect investors and oversee issuers to ensure a fair, orderly, and efficient market. While others may participate in political discussions, his duty is to uphold the integrity of the capital markets.

SEC Crypto Industry Regulation Source link: https://www.bloomberg.com/news/videos/2024-06-25/sec-chair-gensler-on-crypto-a… Disclaimer: All articles by Bitpush represent the author’s views and do not constitute investment advice. Original link: https://www.bitpush.news/articles/6908467 Related news Wu Shuo’s Weekly Selection: Certik and Kraken’s door, German government selling coins, SEC ends ETH 2.0 investigation and top 10 news The bull market is far away? Don’t panic, these plots in the second half of 2024 are still worth looking forward to Ethereum wins a phase victory in SEC investigation, US regulatory winds may change After the LUNA thunderstorm: The secret transactions between the Prime Minister of Montenegro and Do Kwon are exposed FIT21: Nine Dragons govern the water in the crypto industry regulation, but the water does not govern