Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has called on cryptocurrency exchanges to register with the SEC.
SEC Chairman Gensler on Twitter on July 28. in the statements found. In his post, Gensler made the following statements:
In our capital markets, we have certain rules for market integrity and to protect the market against manipulation. If a company builds a cryptocurrency exchange that protects its investors and complies with our regulatory standards, people’s confidence in the market can increase.
Gensler also stated that cryptocurrency exchanges are in the protection of consumers. posing a threat said and crypto exchanges no different from stock exchanges stated.
Earlier, Gensler, He said that Bitcoin is a commodity belonging to the highly speculative class.
In the video he shared, “We do not intend to treat cryptocurrencies differently because a different technology is used.” These statements of the SEC chairman, who included his words, were highly criticized in the crypto money market.
Recently Fraud in the cryptocurrency and securities markets in the session held to draw attention to the cases US Senator Sherrod Brown Referring to the SEC, he said authorities should “work harder” to prevent cryptocurrency frauds.