U.S. Securities and Exchange Commission Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class,” he stressed.The chairman of the U.S.
Commenting on the regulation of crypto assets, the SEC chief told the subcommittee: “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.” He emphasized:
There is to much regulation Just look at the country’s banking system fail
That's your job Gary ,you have to put these things into place !
Then shut up if you don't have expertise😂
Hear,Hear!
Just get a new chairman.
SEC is corrupt AF lol
Very slow. US is now playing catch-up
The gensler is an alien for sure
What new tools, expertise, resources are available?
Antique world
the SEC needs a 'new Gary'
What have they done with the money we already give them?
🙄
After it, people will have even less freedom than before
To abolish SEC, Federal Reserve, IRS many voters gravitate towards 51 year old Libertarian political party.
Why keep sueing crypto if you don’t even have the expertise or resources.. aren’t you going to loose every case then?
SEC want even more power, nothing unusual
This mofo looking like a crackhead these days
What misconduct? Please be specific.
Gensler
Seems like all leading technology companies such as Microstrategy were already On iT…? Why act like its New?
You are taking tooooo long making new legislations: i think you still haven’t. Its a bit concerning when the gov takes sooo long to accept and legislate something they are aware of?
It needs a competent new chairman.
Lol, FUD all the way to $50,000 BTC nothing can stop it.
Easy fix. Build crypto into banks where ALL on and off-ramps are completely in CFTC, SEC & FED oversight, and control. They don’t have the right to control digital assets but they do, when it’s converted back and forth from fiat ! SECGov CFTC federalreserve bitcoin
If he loses to XRP he better refund the tax money wasted on this circus, and don't give him another dime of taxpayer money to waste. Hold him accountable. Should never bring a case he doesn't know he is going to win
Stop living in the past and focus on living in the future FFTB Crypto CRO
and who controls the misconduct of this kind of people?
Maybe they need sukuthis
And congress should have to justify to the American ppl why this is necessary.
Gary Gensler's realizing that the SEC needs a crypto upgrade is like realizing you need a parachute after jumping out of a plane. 😅 Good luck catching up, SEC! 🪂 CryptoFreefall GenslersLateEpiphany
What they need is removal of Gensler, that will be a good start
What they really need is to update those 1996 rules and laws. Don’t these guys charge millions of dollars to entities for financial crimes/violations and still asking for money? They’re out of their minds.
Garry should resign or be fired
And whos gonna track misconduct in the government space?
No expertise and yet the SEC is suing all crypto firms possible, pushing away talents and innovations in the space. Other nations are forming alliances to deviate away from the US dominance. Not looking good.
So he needs new tools for a new industry. But he says we do not need new laws for the same industry.He states that the laws we have cover the Crypto industry,then why does he need new tools. I think this is a fair question
It seems that enforcement has become the norm for regulations, not clear guidelines. Stop playing the puppet of the elite, it is time government works for the people instead of against. We are Americans, just tell us how to play the game. Our future depends on it. sec
Lol. Now bstrd realise this.
DEMON janeyorke0 and petersmithofficialemailgmail.com promised me to recover my stolen tokens.They asked me to send BTC to my trust wallet and also their BTC addresses but they scammed me near 1000 dollars.I had been scammed more than 4000 dollars more before.I BEG YOU HELP ME
Don’t matter what he decides about bitcoin!! Except for if he pushes it out of US, then you guys have small problems , not bitcoin!!!
Gary Gensler: SEC Needs New Tools, Expertise and resources to secure the interests of Wall Street and keep the retail investors out from the market to protect them from bad actors.
patrikk_john
someone get rid of the rat.
Nice one, I only listen to ChiefraFba for signals and analysis!
Look at this guy's face.
This is exactly why I only trust ChiefraFba for signals and analysis
Ok great, I also listen to ChiefraFba for signals and analysis!
Brilliant, but using ChiefraFba for signals and analysis
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinMarketCap - 🏆 290. / 63 Read more »