The chairman of the U.S. Komisja Papierów Wartościowych i Giełd (SEC), 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 Calls for One Rule Book for Crypto
SEC Chairman Gary Gensler has proposed “one rule book” for the regulation of crypto, the Financial Times reported Friday. He is looking to strike agreements with other financial regulators, including the Commodity Futures Trading Commission (CFTC), to avoid gaps in the oversight of the crypto sector. He told the publication:
I’m talking about one rule book on the exchange.
The SEC chief elaborated that the rule should protect investors against fraud, front-running, and manipulation, in addition to providing transparency over order books.
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. If this industry is going to take any path forward, it will build some better trust in these markets.
NAS. Senators Kirsten Gillibrand and Cynthia Lummis recently proposed a framework that would extend the CFTC’s oversight of the crypto sector.
Zeszły tydzień, Gensler warned of “too good to be true” crypto products. He also recently warned that crypto exchanges often trade against their customers. Following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), the SEC chairman cautioned investors that a lot of tokens will fail.
Gensler has been criticized for taking an enforcement-centric approach to regulating crypto assets. SEC Commissioner Hester Peirce said in May that the securities watchdog has dropped the ball on crypto regulation and there are long-term consequences.
What do you think about the comments by SEC Chairman Gary Gensler? Daj nam znać w sekcji komentarzy poniżej.
Kredyty obrazkowe: Shutterstock, Pixabay, Wiki Commons
Zastrzeżenie: Ten artykuł służy wyłącznie do celów informacyjnych. Nie jest to bezpośrednia oferta ani zachęta do złożenia oferty kupna lub sprzedaży, lub rekomendacji lub poparcia jakichkolwiek produktów, usługi, lub firm. krakow3d.com nie zapewnia inwestycji, podatek, prawny, lub doradztwo księgowe. Ani firma, ani autor nie ponoszą odpowiedzialności, bezpośrednio lub pośrednio, za jakiekolwiek szkody lub straty spowodowane lub przypuszczalnie spowodowane przez lub w związku z wykorzystaniem lub poleganiem na jakichkolwiek treściach, towary lub usługi wymienione w tym artykule.