Bitcoin (BTC) and to cryptocurrencies Republican senator known for his support Pat Toomey He sent a letter to the US Securities and Exchange Commission (SEC).
Toomey, who sits on the Senate Banking Committee, SEC Chairman Gary GenslerHe asked for clarity on the way the institution regulates cryptocurrency firms.
Due to the difficult conditions of the bear market, many cryptocurrency Noting that his company is in a difficult situation and that some companies have filed for bankruptcy, the senator claimed that the current rules cause billions of losses for US investors.
In his letter, Toomey stated that recently bankrupt cryptocurrency platforms such as Celsius and Voyager are covered by the SEC. “Things might have been different if the SEC had given crypto firms more regulatory clarity.” said.
“Things could have been different if the SEC had responded to calls for clarity on how existing securities laws would apply to digital assets and services.
Crypto companies could adjust their product offerings accordingly, avoiding investor losses experienced today.
The SEC could have been free to focus its corporate sanctions on the worst players in the market.”
SEC crypto- Pat Toomey, who accuses his companies of falling behind in auditing, asked the SEC about his sanctions.
The Senator requested a response to his letter by August 9.
Pat Toomey previously spoke to the US people from SEC chairman Gary Gensler. cryptocurrency He asked her to clarify her arrangements.
As it will be remembered, Pat Toomey, together with Senator Kyrsten Cinema, presented a new bill to bring tax exemption for crypto money investors who make small investments or purchases.