He then warned, “Right now, we just don’t have enough investor protection in crypto. Frankly, at this time, it’s more like the Wild West. This asset class is rife with fraud, scams, and abuse in certain applications. There’s a great deal of hype and spin about how crypto assets work. In many cases, investors aren’t able to get rigorous, balanced and complete information. If we don’t address these issues, I worry a lot ofGensler has a solid résumé for the job.
Trump said at the time, “I’m directing agencies to review the hundreds of regulations we’ve already suspended in response to the virus and make these suspensions permanent where possible...to use any and all authority to waive, suspend and eliminate unnecessary regulations that impede economic recovery.
The addition of investigative attorneys, trial counsels and fraud analysts in the SEC’s Washington, D.C. headquarters and regional offices will help the agency catch up with what’s happening in this space.The regulators will likely try to find out if there are a lot of issues that were swept under the rug during Trump’s tenure.
Set USDT as legal payment, please. It would be very useful!
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