The chairman of the U.S. Securities and Exchange Commission , Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler.SEC Chairman Gary Gensler has proposed “one rule book” for the regulation of crypto, the Financial Times reported Friday.
The rule book will apply to “all trading regardless of the pair — [be it] a security token versus security token, security token versus commodity token, commodity token versus commodity token,” Gensler described. The SEC boss revealed that he is working on a “memorandum of understanding” with his counterparts at the CFTC, which would be a formal deal to ensure that trading in digital assets has adequate safeguards and transparency. He explained that if a commodity token is listed on a platform overseen by the securities regulator, the SEC would “send that information over to the CFTC.”By getting that market integrity envelope, one rule book on an exchange will really help the public.
U.S. Senators Kirsten Gillibrand and Cynthia Lummis recently proposed a framework that would extend the CFTC’s oversight of the crypto sector.
Gary Gensler is a total failure. His policies are not only miopic, but extremely harmful to retail. He constantly lies to everyone with a straight face, has no respect for the rule of law while covering up the most obvious cases of SEC corruption in decades. How did this happen?
Whose rule? Shld every country be heard for this.
Mark Zuckerberg in his 60s
lol dude need to read more about decentralization meanings.
That's seems like a regulation to me, not OK $PAW
It's not really easy to regulate crypto, of course with usdt there's no problem
Who cares? These regulations hardly stop scams, crypto is just out of reach.
He's not regulating crypto. They want to regulate people who operate trading platforms so people can avoid another Quadriga CX with a missing ceo and millions of lost Bitcoin. Read the article with open eyes and ears. He is not regulating Bitcoin at all. READ the article.....
Moon?
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good
Ramming cryptocurrencies into regulatory regime built for fiat currencies hurts investors -- everything we know about money has changed due to the crypto revolution -- time to think about new ideas like ending income taxes, the Fed, and many other legacy banking rules.
oh now he wants to talk regulation when they're forcing his hand!! what's wrong GG you can't put it off any longer and suppress the price of bitcoin i applaud senators gillibrand and lummis for finally getting the ball rolling!
Froginutoken *🐸X99🐸X999🐸*
Yeah.. No. One size fits all rule book?😂 Just wants to collect transaction data it seems.
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A lot will help $PAW
He screwed confilict of interest already xrp
Bitcoin doesnt care. Tick tock, anothet block..
Wtf 🤬 say no shit
btcteacher
Does the public get a say in what “will help” them?
When GG was appointed to lead SEC, some people in the industry had high hopes- not any more.
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