SEC Chairman’s Speech for Tomorrow Leaked! Will Warn About Cryptocurrency!

Many institutions in the USA cryptocurrency There are explanations about the regulations. These statements also cause the market to react from time to time.

One of the most influential names on the market in this regard US Securities and Exchange Commission (SEC) President Gary Gensler arrives.

SEC chairman Gary Gensler is expected to speak at the Invite Only Summit conference tomorrow.

Barrons announced that he had reached the messages that Gensler will convey in his speech tomorrow.

Accordingly, regulatory pressure on cryptocurrencies is expected to continue.

According to the news of Barrons, Gensler’s prepared speech will include the following topics on cryptocurrencies:

• Most cryptocurrencies (altcoins) are under SEC scrutiny as they are securities.
• Most cryptocurrency platforms such as FTX and Binance, including Coinbase, are within the jurisdiction of the SEC as they mediate the sale of securities.
• Responding to the crypto industry’s criticism of the lack of clarity on which tokens are securities, Gensler is expected to say “not liking the message is not the same as not receiving it”.
• Gensler is expected to say in tomorrow’s speech that he wants SEC staff to work with token issuers on the registration of cryptocurrencies in securities status with the SEC, and that crypto intermediaries such as exchanges must also voluntarily approach the agency to comply.
• Gensler, who is expected to address the crypto money companies that are new to the sector, said, “Work with us from the beginning. It is expected to give the message that it costs much less to do this from the beginning.

The above statements are statements that SEC Chairman Gensler has brought up many times before. Therefore, if a surprise announcement does not come, the impact of the speech on the market is expected to be limited.

Gensler is expected to start speaking at 17:00.

You can review the related news about tomorrow’s agenda items and Powell’s speaking time.