您现在的位置是:SEC chair wants more regulation of cryptos >>正文
SEC chair wants more regulation of cryptos
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛923人已围观
简介The SEC chair believes that ICOs constitute unregistered security offerings and so the tokens requir...
The SEC chair believes that ICOs constitute unregistered security offerings and so the tokens require disclosures and oversight
The chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has stated that the cryptocurrency sector is currently a Wild West and needs more regulation. He said this during an event yesterday, adding that proper regulation would be the task of the regulatory agency.
Gensler lamented that at the moment, there is not enough investor protection in the crypto sector. “This asset class is rife with fraud, scams, and abuse in certain applications. There’s a great deal of hype and spin about how crypto assets work. In many cases, investors aren’t able to get rigorous, balanced, and complete information. If we don’t address these issues, I worry a lot of people will be hurt,” he said.
The SEC chair is concerned that most cryptocurrencies are sold as securities. Gensler added that he supports former SEC chair Jay Clayton’s assertion that every initial coin offering (ICO) is a security and the tokens issued afterwards need to be treated as such.
Gensler explained, “You see, generally, folks buying these tokens are anticipating profits, and there’s a small group of entrepreneurs and technologists standing up and nurturing the projects. I believe we have a crypto market now where many tokens may be unregistered securities, without required disclosures or market oversight.”
He added that the tokens are open to price manipulation, and this is the aspect the SEC wants to fight against. With that in mind, the regulatory agency is seeking to regulate the activities of cryptocurrency exchanges, stablecoins, decentralised finance (DeFi) tokens and the growing crypto lending sector.
Gensler also said there is a need to regulate the stock tokens that have become popular on some crypto exchanges. The SEC chair wants the US Congress to grant the agency additional powers and resources to expand its current oversight of the cryptocurrency space.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/84929.html
相关文章
Elon Musk: Starship has a 50/50 chance of reaching orbit on first try
SEC chair wants more regulation of cryptosBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.SpaceX is...
阅读更多
Crypto gems: These 3 undervalued altcoins could be worth a fortune in the future
SEC chair wants more regulation of cryptosFinding the right investment in crypto is not always easy. With so much hyperbole, scams, and projec...
阅读更多
Where to buy HakunaMatata (TATA)
SEC chair wants more regulation of cryptosHakunaMatata is up 500% since its launch on May 24th 2021.This new coin was opened up for sale to th...
阅读更多
热门文章
最新文章
AI beats self, learns to play Atari game 6000 times faster than before
New geothermal plant fights climate change with Earth's heat
Terra blockchain is back online after an official halt
Dubaicoin’s value grew by more than 1000% before the authorities warned of the scam
Bitcoin (BTC) returns above $30,000
Certain stablecoins not suitable to be legal tender: UK Treasury amid Terra crash