The SEC examines the separation of companies to crypto exchanges

The SEC examines the separation of companies to crypto exchanges

The US Securities and Exchange Commission is looking for paths to regulate trading platforms for cryptocurrencies, which could include the outsourcing of some of their operations, says Gary Gensler, Chairman of the Regulatory Authority.

In a speech on Monday, Gensler said that crypto trading platforms, the transactions worth more than 100 billion

Citing statistics, which according to which Customer Customer Values ​​are worth 14 billion in the past year

He said that he asked the employees to consider similar steps for the market-making activities of crypto exchanges, since problems arose when they act as "client against their customers on their platforms".

The instruction of the employees to examine these questions could be a first step in the Commission to officially set a rule.

Gensler confirmed his conviction that most cryptocurrencies-and the platforms on which they are traded should be regulated by the Sec because the tokens according to US law are considered securities.

"Today, many entrepreneurs collect money from the public by selling crypto tokens, in the expectation that the managers build an ecosystem in which the token is useful," said Gensler.

"These are not laundromat brands," he added. "Someone builds up an ecosystem to make it useful, which will win more users for the project. It is therefore important that we are working on the fact that crypto tokens that are securities are registered with SEC."

based on his earlier calls to register cryptoplate forms at the SEC, Gensler said that he asked the employees to work on "register the platforms themselves and to regulate exchanges".

he added that the SEC, since "few" cryptocurrencies are under US law-that "like digital gold" work-also with the Commodity Futures Trading Commission, a supervisory authority for derivatives that he once directed, "how we could tackle such platforms".

"There is no reason to treat the cryptom market differently, just because a different technology is used. We should be technological -neutral, but not politically new," he said at a conference at the University of Pennsylvania.

"These crypto platforms play similar roles like traditional regulated stock exchanges," he added. "Investors should be protected in the same way. The United States has the largest capital markets because investors trust them."

Source: Financial Times