People exit the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew KellyWASHINGTON, Aug 3 - The chair of the U.S. Securities and Exchange Commission on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a "Wild West" he said is riddled with fraud and investor risk.
Cryptocurrencies reached a record capitalization of $2 trillion in April as more investors stocked their portfolios with digital tokens, but oversight of the market remains patchy. He also called on lawmakers to give the SEC more power to oversee crypto lending, and platforms like peer-to-peer decentralized finance sites that allow lenders and borrowers to transact in cryptocurrencies without traditional banks.Democratic Senator Elizabeth Warren has been pressing regulators to get a grip on the market, which she described in a July letter to Gensler as "highly opaque and volatile.
Remax was here .
Remax was here .
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The SEC needs more power from Congress to fully regulate crypto, Chair Gensler saysSEC Chairman Gary Gensler said Tuesday that Wall Street's top regulator needs Congress to grant it more power to oversee the crypto market. They want to make sure nobody else gets really rich off of crypto because they don't like peasants winning... Can I have a list of positive things the SEC has done in the last 20 years? What do they need more power for? Lol,regulate? don't you mean tax?
Source: CNBC - 🏆 12. / 72 Read more »
What the SEC chair's comments on crypto mean for a possible bitcoin ETFThe head of the SEC says that crypto assets need a lot more regulation before they can move forward. The SEC needs to keep their nose out of crypto. Keep playing with your own bullshit fiat. All you're going to do is destroy another piece of technology. Fuck that when will he stop the illegal naked shorts and the ftds being hidden We march forward either way
Source: CNBC - 🏆 12. / 72 Read more »