We have reported that Gary Gensler, Chairman of the US Securities and Exchange Commission, will attend a session of the House Subcommittee on Financial Services today and will talk about cryptocurrencies.
Gensler’s speech just ended.
of the USA cryptocurrency The president, who said that the SEC needs more human resources, also answered questions about cryptocurrencies.
Gensler, implicitly referring to the collapse of the UST, said;
“In just the last three weeks, there has been a crypto event that went from $50 billion to zero. So these are highly speculative, volatile and unprotected areas.”
In the continuation of his words, Gensler stated that in parallel with his previous statements, legal regulations regarding cryptocurrencies should be made urgently, and addressed crypto money exchanges.
“In our one-on-one meetings with the stock exchange officials, we said that they should come and register with us. Most of the tokens they sell are securities, so they need to be registered with us.”