Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), thinks that the cryptocurrency market will not mature if it is not put into an appropriate regulatory framework.
Speaking at the Securities Industry and Financial Markets Association’s (SIFMA) conference on Tuesday, Gary Gensler said that to include crypto platforms in the framework established to protect investors in financial markets. “very active” He said they will work.
Almost 13 years after its emergence, crypto money technology has not yet in youth Gensler, stating that this technology “adulthood” He thinks that he needs to be under the control of legal regulators in order to pass the period.
Gensler, as quoted by the WSJ, “There’s a lot of hype. There are a lot of investors trying to earn returns in hopes of a good future, but what are these platforms generally doing to be included in the framework that currently protects investors? [Emtia Vadeli İşlemler Komisyonunun] nor under the SEC’s control.” said.
While many of the projects in the cryptocurrency market went bankrupt, many projects were entering the market. collecting money from investors The SEC Chairman stated that fraud and manipulation stressed the increased risk.