Ripple CEO Brad Garlinghousestated that it was disappointed by the recent comments made by Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC). Garlinghouse posted on Twitter earlier today and urged lawmakers in the United States to consider and consider legislation for the crypto industry. did.
For the Chair of the SEC to assert that he dictates what is a security – and not the legislation from which his agency derives its power – is beyond comprehension. It’s time for elected officials in the US to take notice. https://t.co/kvat6ixUdS
NEWS CONTINUES BELOW— Brad Garlinghouse (@bgarlinghouse) March 30, 2023
Brad Garlinghouse’s post came in response to comments made by Gensler following a hearing this week in the House Appropriations Committee.
Koinfinans.com As we reported, the head of the SEC told reporters crypto- He stated that there is no need for additional laws to regulate cryptocurrencies, and that existing securities laws are sufficient for crypto regulation.
Gary GenslerAccording to , any further legislation for crypto would weaken existing securities laws in terms of regulation. Gensler believes that what constitutes a security should be decided by the courts, not the stock markets.
Gensler often mentions that when it comes to crypto, current securities regulations address all aspects of crypto governance. He did not change his stance by giving a similar statement to the deputies during the hearing.
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