SEC Chair Gensler Insists Crypto “Regulations Already Exist” Ahead of Hearing

DailyCoin

Published Mar 30, 2023 10:10AM ET

Updated Mar 30, 2023 10:30AM ET

SEC Chair Gensler Insists Crypto “Regulations Already Exist” Ahead of Hearing

  • The SEC chair, Gary Gensler, will answer questions on his crypto regulation at an April hearing.
  • Ahead of that hearing, Gensler has stuck to his guns on the current legal framework for crypto.
  • Gensler is blaming crypto and the ‘Wild West’ ecosystem it operates in.
The SEC’s policing of the crypto space has been relatively unfettered since the collapse of FTX in November last year. However, the chair of the regulatory body, Gary Gensler, will be called to explain his approach in a Congressional hearing on April 18.

Ahead of that hearing, Gensler testified at the House Appropriations Subcommittee on Financial Services and General Government on Wednesday, March 29. When questioned about issuing rules to clarify how securities law applies to digital assets, the chair was adamant.

“The regulations...

Continue Reading on DailyCoin

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes