Gensler crypto-beleggers excited about waarborgen voor

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), acknowledges the “interest” of cryptocurrencies. But that doesn’t stop it from setting rules to protect crypto investors. 

In an interview with Bloomberg, Gensler shares his thoughts on the cryptocurrency sector. He says he is considering taking a tough stance against cryptocurrencies to protect investors operating in a very volatile Sunday. 

“Although I’m neutral on technology, I’m even interested-I’ve taught it for three years-I’m not neutral on investor protection,” 

So while Gensler is open and sensitive to the innovative technologies that cryptography offers, he wants to do his job as Sec boss. 

“If someone wants to speculate, that’s their choice, but we have the role of the nation to protect these investors from fraud.” 

According to Gensler, the SEC has broad powers to examine cryptocurrencies and identify any fraudulent transactions. However, he also asked Congress to pass legislation that would give the SEC October additional authority to control crypto exchanges. 

He is very open to technological change, but always believes they are with thoughtful regulation. It covers the automotive industry and driving rules, speed limits, traffic lights, etc. it exemplifies how it does not start until necessary arrangements are made. 

Sec Commissioner Esther Pierce, known as “cryptocurrency” for its association with crypto, said she loved working with Gensler. He believes more openness is needed, but people should be allowed to behave as they please.  

“I come from the fact that people should have the freedom to participate in the agreements they want to voluntarily enter into. Society needs to have this debate about what the right regulatory framework is.” 

Gensler did not respond to the need for bitcoin ETF

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