Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), wants some flexibility in dealing with cryptocurrencies.
Gensler, in his written statement to the Senate Banking Committee, stated that the assets in the cryptocurrency market “the vast majority of securities” status, but to institutions that issue these assets. “to be flexible” said it should. gens,
“Considering crypto investments in particular, I think it would be appropriate to make flexibility in the current disclosure requirements (in the securities markets).” said.
Gensler also told the SEC in security status with cryptocurrencies non-secure cryptocurrencies for pairs opened between finding a middle ground gave instructions for.