U.S. SEC Chairman Gary Gensler took his crypto-critical message to the web again with a new investor-protection video Thursday cautioning people about digital assets businesses that are breaking securities laws. jesseahamilton writes
event this week in Austin, Texas – the agency chief reiterated his longstanding position that crypto platforms are operating illegally.
“The lack of compliance by these crypto platforms means that you don't have basic investor protections,” Gensler said in his “Office Hours” video series. “These are things like rulebooks and surveillance to prevent fraud and manipulation. Or appropriate custody and segregation of customer assets so they don't get misused or abused or simply become the property of the platform, especially if it goes into bankruptcy.
Gensler has said he’ll hold the industry to existing securities laws, so the courts and the U.S. Congress may be the only impediment to his mission. Congressional committees are examining crypto market structure at two
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reactsA video from Gary Gensler’s pre-SEC days has gone viral on Twitter showing the now-SEC chair declaring cryptocurrencies, cash and commodities are one and the same.
Weiterlesen »
SEC’s climate distractionThe House Financial Services Committee last week hosted Securities and Exchange Commission Chairman Gary Gensler for a 4 1/2-hour oversight hearing.
Weiterlesen »
'Crypto is dead in America.' How FTX's collapse instigated a Biden crackdown on the digital-asset sector.Few assets have performed better in 2023 than crypto, yet the outlook for the industry in the U.S. has arguably never looked worse – amid a broad regulatory crackdown led by Securities and Exchange Commission Chairman Gary Gensler.
Weiterlesen »
Coinbase's CEO joins grumbling over SEC Chair Gensler's old crypto commentsA old video of SEC Chair Gensler saying 'three-quarters of the market is non-securities. It’s just a commodity, a cash crypto,' is making the rounds.
Weiterlesen »
SEC's Gensler says crypto companies have to comply with the lawChair Gary Gensler warned crypto firms that they need to “comply with American laws” in a new social media video. Crypto suffers from a lack of compliance.
Weiterlesen »
Circle CEO blames US crypto crackdown for declining USDC market capThe U.S. Securities and Exchange Commission led by Gary Gensler has been on an enforcement spree since the FTX collapse saga.
Weiterlesen »