The head of the SEC is ready to take tough measures to protect crypto investors if the industry continues to ignorelegal requirements of the regulator.
Gensler offers cryptocurrency operatorscooperate 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 set to enforce.
He is also not convinced by statements about outdated norms of the law, adopted back in the thirties of the last century.
The provisions of the law of the 1930s clearly and clearly stateall the rules. I don't see the need to revisit it. In addition, we have enough different specialized regulators to use 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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