Cryptocurrencies SEC Chairman Gary Gensler continued this stance in his speech yesterday, arguing that most of them are securities and should be subject to SEC scrutiny.
However, Gensler, who opened a parenthesis on this subject, Bitcoin (BTC) and Ethereum (ETH) signaling that some cryptocurrencies, such as cryptocurrency He also stated that they are not against it.
The SEC chief added that he supports cryptocurrency regulations.
After messages from a number of US regulators yesterday Binance CEO CZ He also shared about it.
Categorizing regulators as novice and professional CZstated that novice regulators support strict rules, while professional regulators prioritize consumer protection.
CZ shared the following statements:
“Novice regulators: We want to be the strictest regulator.
Professional regulators: We want economic growth while protecting consumers.
Luckily, I haven’t met any newbies this year.”
Novice regulators: We want to be the most strict regulator.
Pro regulators: We want economic growth while protecting consumers.
Luckily, I have not met any novice ones this year.
— CZ 🔶 Binance (@cz_binance) September 9, 2022
When this sharing of CZ is examined, the meeting he had with Turkey’s Treasury and Finance Minister Nureddin Nebati in 2022 came to mind.
This signaled that the meeting between CZ and Nabati was positive and that Turkey is not among the countries that have a strict stance on regulations.
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