did the head Securities and Exchange Commission (SEC)، Gary Gensler, by telling Congress, that Securities and Exchange Commission(SEC) Cryptocurrency will not be banned.
So it's a huge relief, although Gensler, he said at that time "It's up to Congress". The head Securities and Exchange Commission (SEC) In the middle of the press tour, he publishes his opinions on cryptocurrency, explaining his position.
These views have alarmed many people, but Gensler Specifically, he said, a total ban is not on the cards.
The chief has spoken Securities and Exchange Commission (SEC) For four hours with the House Committee on Financial Services. Where the deputy asked him Ted Budd, at some point frankly:
“However, isn’t there a ban that you would like to implement via Securities and Exchange Commission (SEC)? Like China did, to guide everyone towards their own digital currency?”
Gary Gensler:
“No, I mean it's up to Congress. What we really do is within the powers that have been given to us.
Having said that, I believe that many of these digital tokens, based on facts and circumstances, meet the criteria to be considered an investment contract, a note, or some other form of security.
And we should put them under the purview of private investor protection With the Securities and Exchange Commission“.
In short, try Securities and Exchange Commission (SEC) Organizing and controlling. But not the ban.
What does Gary Gensler think about cryptocurrency?
Believes Gensler Most cryptocurrencies are unregistered securities. Cryptocurrency exchanges must be registered with the Securities and Exchange Commission.
While these stablecoins are dangerous. Although it's not really a problem, if they're just trying to regulate the field. And if she wants Securities and Exchange Commission (SEC) Ban, it would be a completely different game, but it's not.
In a recent interview with a newspaper, The Washington Post clearer Gensler Gensler His position is clear:
“One of the main problems is that there are platforms, trading platforms: where you can buy and sell these tokens, and Lending platforms You can earn revenue on these tokens that contain dozens of tokens and sometimes hundreds or thousands of digital tokens.
It is very likely that they have on these platforms, securities, investment contracts, notes, etc., which would fit the definition of security.
These platforms must also get involved, find out how to register, and prioritize investment and investor protection.”
In the same interview, he singled out Gensler stablecoins said:
“In terms of something called stablecoins, how the banking agencies coordinate, and we, the market agencies, because these stablecoins might have the characteristics of investment contracts, they have some characteristics like banking products.
At the moment, the banking authorities do not have the full chain of what they need.”
Restrictions to the Securities and Exchange Commission (SEC) dealing with it
There are two messages in all communications Gary Gensler:
Cryptocurrencies fall under the jurisdiction of his agency.
-need Securities and Exchange Commission (SEC) To more resources to be able to regulate cryptocurrency.
This is the gist of his research. When he says, “What we really do is within the powers you have given us,” this is what Gensler G means. ensler. He came out recently and just said it:
“I told Gary Gensler The Senate said his agency is now staffed with fewer staff than it did five years ago.
This made it impossible for the body to focus on the things that needed its attention.
Speaking to CNBC, the head of the Securities and Exchange Commission said(SEC) directly, “We have few employees”.”
Although he might be right about Kun Altcoins It is stock, but its conclusion is clear.
where he wants Gensler Bigger budget, bigger platform. There is no "Greater Show of Crypto Circus" right Now.
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