Speaking at a recent online meeting SEC chairman Gary Gensler cryptocurrency He talked about his units.
Reiterating his thoughts on the need for regulation of cryptocurrencies and the platforms that mediate their trading, the president conveyed his perspectives for 2022.
bitcoin and with altcoins Gensler, who thinks that interested investors need more legal protection, stated that the US financial watchers should regulate the areas related to cryptocurrency exchanges.
SEC Pressure Will Be Felt in 2022
Expressing that the pressure on cryptocurrency exchanges will increase in 2022, the president said that the SEC and other institutions will conduct further investigations in this area. Gensler said that this oppression and control process crypto asset trading He said it would provide more protection to those who did it.
“I’ve asked SEC staff to investigate every way to treat these platforms as investor protection. If we don’t get these trading platforms into the regulated space, investors will have another vulnerable year.”
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.