U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler confirmed that Bitcoin is not a security. Insisting that cryptocurrency regulation exists in the United States.
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler insists that cryptocurrency regulation exists in the United States. He hinted that cryptocurrency industry stakeholders don’t like these regulations, which is why they claim they don’t exist. Meanwhile, Gensler confirmed that Bitcoin is not a security. Gary Gensler said that there are regulations for cryptocurrency. He mentioned in an interview with CNBC that there is cryptocurrency regulation in the United States. He added that "dislike of rules does not equate to no rules," alluding to industry stakeholders' continued demands for regulatory transparency in the country. Gary Gensler said many companies are profiting from public interest in cryptocurrencies without proper disclosure. The SEC chairman also raised the "classic securities" case of how many of these companies are raising capital, which puts such situations within the commission's jurisdiction because they are concerned about investor protection. His comments followed an SEC congressional hearing in which he and five other members appeared before the U.S. House Financial Services Committee. Rep. Patrick McHenry claimed that the committee needs to focus on capital formation and providing clarity to cryptocurrency stakeholders rather than “taking ad hoc actions to prosecute others and make headlines.” Meanwhile, Coinbase recently appealed the SEC’s decision to deny its 2022 rulemaking petition. The exchange is one of the cryptocurrency stakeholders that has been pressuring the commission to provide a clear legal framework for the industry. Gary Gensler said in an interview that Bitcoin is not a security. He noted that this was a view he and his predecessor, Jay Clayton, held from the beginning. Gensler and the SEC believe that Bitcoin is not a security, which could easily lead to the launch of a spot Bitcoin ETF in January of this year. While Gensler did not comment on Ethereum, the second-largest crypto token by market capitalization, it is also not considered a security. The SEC’s approval of a spot Ethereum ETF shows that the commission treats ETH as a commodity like Bitcoin. Meanwhile, regulators at one point called several altcoins securities. However, in a recent filing against Binance, the SEC stated that it regrets the confusion caused by classifying crypto assets as “crypto-asset securities.” Disclaimer: The content of this video, the views and opinions expressed by the author or anyone mentioned herein are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries a risk of financial loss.
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
Discord community: https://discord.com/huziguanbi Twitter account: https://twitter.com/Dahuzi_eth Exchange recommendation: OK registration link (overcoming the firewall): https://www.okx.com/join/HUZIGUANBI OK registration link (direct connection): https://meishidaily.com/join/HUZIGUANBI BN registration link (over the wall): https...
👉 Website Link 👇
https://xml-gold.com/
🔹Telegram Channel👇
https://t.me/Xmlgoldadmin
Perfect Money to PayPal Exchange
Fast Perfect Money to PayPal Conversion
Quick Perfect Money to PayPal...
new usdt mining site 2024 | USDT Mining | usdt earning miner withdrawal | Earn free usdt trustwallet। ✅যেকোনো সময় আমাদের সাথে সরাসরি যোগাযোগ করতে এই মাধ্যম গুলো ব্যবহার করতে পারেন!
📲 ফেস...