Cryptocurrencies With the increasing popularity of the company, there have been expectations about when the US Securities and Exchange Commission (SEC) will implement regulations for the crypto sector.
Gary Gensler, head of the SEC, said in his statement that the relationship between the cryptocurrency industry and supervisory bodies is actually simple.
In an interview with Andy Serwer, Gensler offered a potential spotlight. bitcoin He explained why he thinks the current law is so straightforward and simple to influence many areas, from his ETF to broader regulation of cryptocurrency platforms.
“The Operations of Cryptocurrency Exchanges Not Registered With SEC Is Illegal!”
Gensler previously said that Coinbase, BlockFi and other major cryptocurrencies must voluntarily register with the SEC.
In addition, the head of the SEC said that the law on this issue is “very clear”:
“Cryptocurrency exchanges are either operating in an SEC-registered manner or operating illegally, no other interpretation.”
Gensler also referred to the recently settled BlockFi lawsuit. BlockFi settled with the SEC on the condition of paying $100 million in the lawsuit in question.
“The BlockFi issue actually explains why these companies have to comply with current securities law,” Gensler said.
These statements by the SEC chairman come after some crypto companies this week made different statements about when and how the SEC will regulate the crypto industry.
SEC commissioner Hester Peirce recently stated that she does not think the SEC will implement crypto regulations this year.