'We are going to work with the Commodity Futures Trading Commission (CFTC) where there are some commodity tokens,' said the SEC chairman. crypto cryptocurrency bitcoin $BTC
The chairman of the U.S. Securities and Exchange Commission , Gary Gensler, says the securities regulator is working with the Commodity Futures Trading Commission on crypto regulation. In addition, he said the SEC is “trying to work with various crypto platforms, exchanges, lending platforms” to ensure investor protection.SEC Chairman Gary Gensler talked about cryptocurrency regulation in an interview with Bloomberg this week.
“If you are a platform and you have 75, or a hundred, or 5,000 tokens on the platform, the possibilities are that a number of them, and maybe many of them, are what’s called a security,” Gensler stressed.on crypto companies and individuals so far. Gensler has also said that crypto is one of the top priorities at the SEC.
He insisted: “The laws are pretty clear as laid out in the 1930s, and we have an ability to work with these exchanges using various authorities” to tailor some of the existing rules for the crypto industry. He admitted that crypto platforms do not operate like traditional exchanges.
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