One of the first institutions that come to mind when it comes to cryptocurrencies is undoubtedly the US Securities and Exchange Commission (SEC).
The SEC, which had lively moments in the crypto money markets with its previous statements, has undoubtedly been mentioned in the same sentence with the market many times after the securities lawsuit it filed against XRP.
Making new statements about cryptocurrencies, SEC Chairman Gary Gensler used the following statements in his latest statement:
- Many cryptocurrencies have security features.
- It would be beneficial to work with the congress on some issues and with the CFTC on some issues on cryptocurrencies.
- The SEC takes a stance that protects investors in decisions about cryptocurrencies.
- We invite cryptocurrency exchanges to register with the SEC. At this stage, we continue to cooperate to register exchanges.
In this statement, the SEC Chairman repeated his previous statement that “most of the cryptocurrencies are securities”.
In his previous statement, Gensler stated that in 2022, the pressure on cryptocurrency exchanges will increase even more.
Gensler Is Not Enemy Of Cryptocurrency
Looking at Gensler’s previous statements to cryptocurrencies We see that he does not show a hostile attitude towards them. Because he thinks that this technology should be paved and innovation should not be hindered. However, he underlines the need to take precautions against fraudsters while taking the lead in this.
In this context, it is evaluated that Gensler’s protectionist approach to speculative movements in the stock markets will make a positive contribution to the future of the sector, even if it disturbs the investors in the short term. At this point, while the SEC and Gensler are expected to offer more clarity, criticism continues for not taking concrete steps after implicit messages.