SEC chair: retail crypto investors should be protected
"There’s no reason to treat the crypto market differently just because different technology is used," said Gary Gensler. Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market.In prepared remarks released Monday for the Penn Law Capital Markets Association Annual Conference, Gensler said he had requested SEC staff to explore getting crypto platforms registered, having them subject to the same regulatory framework as exchanges. In addition, the SEC....
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The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. On Wednesday, the decision by the United Kingdom's Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect.The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At the time, the FCA argued that crypto derivatives were ill-suited to retail investors who were at risk of incurring significant losses.Commenting on the decision as the ban went into effect on Wednesday,....
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief. New Rules May Be Coming to Retail Crypto Investors in....
Timothy Massad delineates the case for the SEC to approve a bitcoin ETF, something he claims could benefit retail investors and regulators.
Bitcoin has recently fallen below a $32,000 critical hold point and in response, retail investors have taken this as an opportunity to make money from the falling bitcoin price. So far, retail investors have started loading up on shorts, an incredibly bearish metric for the market. Retail investors load up on shorts | Source: Twitter […]
"Under our laws they have to register with the Commission unless they qualify for an exemption," said Gary Gensler. Gary Gensler, chair of the U.S. Securities and Exchange Commission, is once again urging crypto projects with securities to register with regulatory body to ensure investors are protected.In a prepared statement for his testimony at the Senate Committee on Banking, Housing, and Urban Affairs scheduled for Sept. 14, Gensler said the Securities and Exchange Commission, or SEC, was working with the Commodities Futures Trading Commission for investor protection in crypto markets.....