SEC Chair Asks Crypto Companies To Register, Calls Most Tokens Securities
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered a speech on crypto and regulations. Gensler reiterated his belief that most digital assets are classified as securities under U.S. law and called for companies to register under SEC supervision. Related Reading: Coingecko Co-Founder Shares Thought On Forked Tokens Ahead Of ETH Merge Gensler […]
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"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.....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency Regulation SEC Chair Gary Gensler discussed cryptocurrency regulation and the agency’s 2022 regulatory agenda on CNBC Monday. The chairman explained that, in general, “If you are raising money from the....
Dave Ripley says he doesn't see a reason to register with the SEC as an exchange because Kraken does not offer securities to users. The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission (SEC) or delist any tokens that have been labeled by the SEC as securities.In a Reuters report on Thursday, incoming CEO Dave Ripley said he doesn't see a reason to register with the SEC as an exchange because it does not offer securities."There are not any tokens out there that are securities that we're....
“I look forward to working with crypto projects and intermediaries looking to come into compliance with the laws,” said Gary Gensler. United States Securities and Exchange Commission chair Gary Gensler supports legislation that gives the Commodity Futures Trading Commission greater authority over crypto — seemingly if it doesn't step on the SEC’s toes.In written remarks for a Thursday program hosted by the Practising Law Institute, Gensler encouraged intermediaries in the crypto space as well as crypto security token projects and potentially stablecoins to register with the SEC,....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to provide the CFTC with the necessary authority. SEC Chairman Gary Gensler on Crypto Regulation The issue of which federal agency should regulate the crypto market has gained much attention recently. While the chairman of....