SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won't Say if Ethereum Is a Security – Regulation Bitcoin News

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'I think that the facts and circumstances suggest they are investment contracts, they are securities, and they should register,' SEC Chair Gensler stressed. crypto cryptocurrency

SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won't Say if Ethereum Is a Security

They want to protect you — the investing public — so that you have proper information, or what’s called full and fair information, and protect you against fraud and scammers and the like. He was also asked to comment about the increase in crowdfunding using cryptocurrencies. Reiterating that he will not comment on any particular project, the chairman detailed: “Crypto tokens, I will call them, are raising money from the public, and are they sharing with the public the same set of disclosures that helps the public decide and are they complying with our Truth in Advertising? Call it the Securities Act’s anti-fraud provisions.

 

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At least they take a stance gary . Although we’ve heard you say personally that eth started as a security , back when your buddies were buying stock under multiple identities and issuing hall passes . All we want is CLARITY gary how can you protect us without it .

He said Centralized governance, regulation, and taxation . . .everything crypto is designed NOT to be.

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They will adopt bitcoin eventually. Hope they will do it as fast as possible.

Is Bitcoin a security?

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Only crypto market can save the world from a total financial meltdown what the politicians and bankers caused! None of the governments has lawful jurisdiction over crypto market doesn’t matter how hard the political elite & bank elite try, their banking system is done cryptos WON

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Chinese, Russian and few other governments and Banks banned Cryptos, but that doesn’t mean the people won’t use cryptos! Don’t forget none of the governments has lawful jurisdictions over cryptos. Doesn’t matter how hard the Governments trying to stop this the cryptos WON.

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