ICYMI – US SEC head says crypto needs more regulation
03 Aug 2021
Chair of the US Securities and Exchange Commission Gary Gensler remarks reported overnight:
- Certain rules related to crypto assets are well settled. The test to determine whether a crypto asset is a security is clear
- There are some gaps in this space, though: We need additional congressional authorities to prevent transactions, products and platforms from falling between regulatory cracks. We also need more resources to protect investors in this growing and volatile sector.
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