Senator John Hickenlooper, a member of the Democratic Party, thinks that cryptocurrency regulations should be completed as soon as possible.
Senator Hickenlooper sent a letter to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), “A common regulation in the digital asset markets has not yet been established. This creates uncertainty about how to protect investors from fraud and manipulation.” said.
Hickenlooper, which assets in the cryptocurrency market that it is a security calls on the SEC to take action. Per the Senator’s suggestion, the SEC must be able to determine this. public opinion poll should do.
Some of the assets in the cryptocurrency market today as securities, some as commodities, some as different being evaluated. According to Hickenlooper, in order to eliminate this confusion in the sector, regulations must be “now” needs to be completed.