Gary Gensler explains the priorities of the SEC in cases against Binance, Coinbase

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Von: Krypto News Österreich

Die US-Börsenaufsicht SEC (Securities and Exchange Commission) scheint beweisen zu wollen, dass es sich bei mindestens einem Krypto-Asset um ein Wertpapier handelt, wie der Vorsitzende Gary Gensler erklärte. Die SEC hat kürzlich zwei der größten Börsen, Binance und Coinbase, hintereinander verklagt und behauptet, beide Unternehmen hätten es versäumt, sich als Krypto-Broker, Börse und Clearing-Agenturen zu registrieren. Mehr digitale Währung sei unnötig, sagt Gary Gensler von der SEC In einem (n Interview In der CNBC-Sendung „Squawk on the Street“ mit Jim Cramer wies SEC-Vorsitzender Gary Gensler darauf hin, dass sowohl auf Coinbase als auch auf Binance über 200 Token gelistet seien, …
The US stock exchange supervision SEC (Securities and Exchange Commission) seems to prove that at least one crypto-asset is a security, as the chairman Gary Gensler explained. The SEC recently sued two of the largest stock exchanges, Binance and Coinbase, in a row and claims that both companies have failed to register as crypto brokers, stock exchange and clearing agencies. More digital currency is unnecessary, says Gary Gensler from the SEC in an (n interview in the CNBC program "Squawk on the Street" with Jim Cramer, SEC chairman Gary Gensler pointed out that both on Coinbase and on Binance over 200 tokens are listed ... (Symbolbild/KNAT)

The US stock exchange supervision SEC (Securities and Exchange Commission) seems to prove that at least one crypto asset is a security, as the chairman Gary Gensler explained.

The SEC recently sued two of the largest stock exchanges, Binance and Coinbase, in a row and claimed that both companies have failed to register as crypto brokers, stock exchange and clearing agencies.

More digital currency is unnecessary, says Gary Gensler from the Sec

in a (n Interview In the CNBC show "Squawk on the Street" with Jim Cramer, SEC chairman Gary Gensler pointed out that both on Coinbase and on Binance over 200 tokens, the commission wanted to prove that one of them was a value that must be registered.

according to the Sec leader:

"Everything we have to prove is that one of them is a security and that they are properly registered as an exchange, broker and the like and should have rules to protect against fraud and manipulation."

The SEC chairman previously claimed that all digital assets were securities with the exception of Bitcoin, and at the same time explained that projects that list or offer these "security token" have to register with the Commission.

Gensler also explained that the public could choose what it wanted to invest in, but there should be disclosures, otherwise the investor may not be able to see whether the proposed investment was a fake, fraud or something else. The SEC boss added that proper disclosures will help the public to make sound decisions about their investments.

Gensler also explained that it was unnecessary to have more digital currencies and said that such assets such as the US dollar already existed.

"You see, we no longer need digital currency. We already have a digital currency. It's called US dollar. It is called euro or yen, at the moment they are all digital. We already have digital investments."

Gensler pounds on compliance

in another Interview Gensler described the lawsuit against Binance and Coinbase as a "simple securities case, which is related to crypto". The SEC boss also claimed that the crypto companies were largely designed not to comply with securities laws, and added that stock exchanges mixed customer funds.

Gensler emphasized that the crypto sector could run the risk of collapsing like a house of cards if the industry does not "to the fundamental public order, the disclosure, avoiding conflicts, the proper separation of customer funds and protection against fraud manipulation."

The Commission has recently seen an aggressive approach to the crypto industry and to initiate enforcement measures against companies that are accused of violating securities laws.

As already reported by cryptocolate potato The SEC sued two of the largest cryptocurrency exchanges in the industry - Binance and Coinbase - on the grounds that both companies would have violated securities laws.

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