Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), said in a statement that there should be more regulation on cryptocurrencies.
SEC Chairman Gensler said in a statement on April 4, Cryptocurrency market valued at more than $2 trillion He said cryptocurrencies need to be more regulated to protect their investors against scammers.
In his virtual speech, Gensler said the SEC’s commitment to minimizing risk announced plans to regulate crypto platforms and “Crypto platforms have similarities with traditional exchanges.” said.
Gensler also took part in cryptocurrency exchanges last year. More than $14 billion in crypto assets stolen and then assigned research tasks to his teammates on how this issue could be resolved.
The SEC can currently only audit platforms that trade securities. For this, Gensler, to be able to audit cryptocurrencies and commodities. will work in partnership with the Commodity Futures Trading Commission. told.
Stating that he is concerned about the use of the stablecoin market, which has a value of 183 billion dollars, for illegal activities, Gensler said that transactions transferred from crypto to crypto making money laundering crimes more difficult to follow told.