News Formal

Gary Gensler: Crypto market is like 1920s stock market, full of 'fraudsters'

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SEC Chair Gensler says crypto market is full of “Ponzi schemes' and “frauds” that can only be cleaned up with securities regulations.

In the talk, Gensler praised the Securities Act of 1933 and Securities Exchange Act of 1934, claiming that these laws allowed the U.S. securities markets to “thrive” over the next 88 years. He argued that the “crypto securities markets” of today should also benefit from these laws, as they are not “less deserving of the protections” they provide.against Telegram Open Network, Gensler argued that crypto asset securities are not exempt from securities laws even if they have utility.

Gensler denied that this separation isn’t possible, saying that separating these three functions simply requires work.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019Years before he began taking on Binance as head of the SEC, Gary Gensler offered to advise the company, according to the crypto exchange's lawyers.
Källa: CNBC - 🏆 12. / 72 Läs mer »