The SEC will not change its attitude towards crypto bonds

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Von: Krypto News Österreich

Der Vorsitzende der US Securities and Exchange Commission (SEC) – Gary Gensler – bekräftigte während seiner Zeugenaussage vor dem Finanzdienstleistungsausschuss des Repräsentantenhauses, dass die Behörde weiterhin darauf bestehen wird, dass lokale Kryptoplattformen sich an strenge Gesetze halten. Der Vorsitzende des Ausschusses, Rep. Patrick McHenry, argumentierte, dass der aggressive Ansatz der Regulierungsbehörde solche Firmen aus den USA vertreiben und Innovationen behindern könnte. Gensler sagte auch, er habe nie digitale Vermögenswerte besessen und stufte sie als „hochspekulativ“ ein. Es ist erwähnenswert, dass seine Haltung zu Beginn seiner Amtszeit bei der SEC, als er vom Kryptosektor „fasziniert“ war, nicht so negativ war. Börsen …
The chairman of the US Securities and Exchange Commission (SEC) - Gary Gensler - confirmed during his testimony before the Financial Service Committee of the House of Representatives that the authority will continue to insist that local cryptoplatt forms adhere to strict laws. The chairman of the committee, Rep. Patrick Mchenry, argued that the aggressive approach of the regulatory authority could sell companies from the United States and hinder innovations. Gensler also said that he had never owned digital assets and classified them as "highly speculative". It is worth noting that his attitude at the beginning of his term at the SEC, when he was "fascinated" by the cryptos sector, was not so negative. Exchange ... (Symbolbild/KNAT)

The Chairman of the US Securities and Exchange Commission (Sec)-Gary Gensler-confirmed during his witnesses before the Financial Service Committee of the House of Representatives that the authority will continue to insist that local cryptoplatt forms adhere to strict laws. The chairman of the committee, Rep. Patrick Mchenry, argued that the aggressive approach of the regulatory authority could sell companies from the United States and hinder innovations.

Gensler also said that he had never owned digital assets and classified them as "highly speculative". It is worth noting that his attitude at the beginning of his term at the SEC, when he was "fascinated" by the cryptos sector, was not so negative.

Exchange "have no choice"

Gensler was heavily criticized by the Republicans of the House of Representatives on April 18 who claimed that the measures of the SEC had weakened America's status as the center of cryptocurrency innovations. The chairman of the committee, Rep. Patrick Mchenry, explained:

"Your approach is driving innovations abroad and endangers American competitiveness."

He also believes that the authority should not rely on "regulation through enforcement" by describing the method as inadequate and not sustainable.

"You punish digital-asset companies that you supposedly do not adhere to the law, even though you do not know that it will apply to you," he added.

Gensler denied the thesis that US crypto bonds do not know how to adhere to laws. He believes that there is a clear regulatory framework that was created many years ago, while such platforms are "only a bunch of intermediaries in this market" that should follow the guidelines:

"We have an entire area in the crypto area that understands the law, and if you offer stock exchange services, broker-dealer services and clearing services for crypto security token, you should not have the regulations. You are in general not compliant." />

Gary_Gensler Gary Gensler, Bloomberg

The regulatory uncertainty in the largest economy in the world has already become an obstacle for some crypto organizations. Brian Armstrong-CEO of Coinbase-recently indicated that could move its platform if the domestic wax dogs do not implement adequate laws for the industry.

Gensler is not a Hodler

The SEC Chairman also Explained He never personally obsesses Bitcoin or other cryptocurrencies and adds that the only digital wealth values ​​he has is his "bank account" and his "broker account". Although he was not asked for his opinion, he described the investment class as "highly speculative".

Gensler was not so hostile to the sector in the first months of his election as the commission chairman. He approved his affection for the market in the summer of 2021 and said that he had spent years to understand:

"Although I am neutral, even fascinated, I spend three years with teaching and leaning it into-I am not neutral for investor protection. If someone wants to speculate, this is his decision, but as a nation we have the task of protecting these investors from fraud."

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