SEC Choses Liberal Path Regarding Regulating Cryptocurrencies

Regulations have been dominating the crypto news lately. Very recently, Binance e.g. faced enormous regulatory pressure.

Now, the SEC has a close eye on crypto. But in contrast to European countries, the SEC chooses a more liberal path.

In an interview with Bloomberg, SEC chairman Gary Gensler stated:

“If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.”

Gary Gensler, SEC chairman

Besides, Gensler identified seven crypto-related policy changes that the Commission is examining at the moment. The SEC focuses on token offerings, DeFi, stablecoins, custody, ETFs, and lending platforms. In short: the SEC focuses on all hot sectors in crypto right now, except NFTs.

So, the SEC wants to create regulatory certainty without sacrificing room for innovation.

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