Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

SEC chair says there is no reason to treat crypto differently

SEC chair says there is no reason to treat crypto differently 4

Gary Gensler passed his statement on the crypto industry and claimed that the Majority of the crypto assets are security.

Gary Gensler is chairman of the US Securities and Exchange Commission (SEC). In February of last year, he was appointed to chair the SEC Agency temporarily by the Joe Biden administration but later in April, Gary became the strongest person to hold the position of SEC Chairman officially. However in the past Gary taught about cryptocurrencies and also appreciated the technology, but his stances on crypto are not better, especially after his entry in the SEC agency. 

On 4 April, During the Keynote speech, Gary said that he was invited ” to talk about the roughly $2 trillion crypto markets” not on behalf of the SEC Agency or CFTC Agency, which is responsible for regulating the commodity market. The SEC chairman tried to emphasize that his thoughts on crypto are his own and he will not take any reference to past statements of SEC agency or any other regulatory body of the US. 

Gary said that there are many platforms in the Crypto industry and many of them are allowing the trading of crypto assets, which are meeting with the securities standard, but are unregistered with the SEC agency.

” dozens of tokens on it, at least. Many have well more than 100 tokens. As I’ll address later, many of the tokens trading on these platforms may well meet the definition of “securities.”

Gary raised questions on the stablecoins use case. He said that Stabelcoins are not issued by any government agency and are also not legal tender, so how can these be used by businesses? 

Further, Gary said that not all tokens are Securities but some of them are real crypto assets, which don’t falll under securities law. 

“probably only a few, are like digital gold; they may not be securities. Even fewer, if any, are operating like money.“

SEC Chairman also said that many people are raising funds with the sale of tokens to ensure that they will create an ecosystem to make the use of tokens, which is also under Securities law because fundraiser people are promising to make the value and use of the tokens.

Read also: Experts say Ethereum is currently standing at half of its actual value

SEC chair says there is no reason to treat crypto differently


Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.


BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat