> SEC Chair Gary Gensler talked about cryptocurrency policies and bitcoin in an interview with CNBC Friday. Gensler taught classes at the Massachusetts Institute of Technology (MIT) in financial technology, cryptocurrency, and blockchain technology. He was confirmed as the new SEC chairman last month.
> Replying to a question about how he would regulate cryptocurrencies, the chairman replied, “To the extent that something is a security, the SEC has a lot of authority.” Noting he will refer to cryptocurrencies as “crypto tokens,” the former MIT professor emphasized that “a lot of crypto tokens … are indeed securities.”
> We will be working with Congress, and if they see fit, to try to bring some protection for people that want to invest in this speculative asset class.
https://www.natlawreview.com/article/cftc-s-approach-to-virt... (The CFTC has taken the position to apply “robust enforcement” to “prosecute fraud, abuse, manipulation, or false solicitation in markets for virtual currency derivatives and underlying spot trading.”)
https://news.bitcoin.com/new-sec-chairman-policies-cryptocur...
> SEC Chair Gary Gensler talked about cryptocurrency policies and bitcoin in an interview with CNBC Friday. Gensler taught classes at the Massachusetts Institute of Technology (MIT) in financial technology, cryptocurrency, and blockchain technology. He was confirmed as the new SEC chairman last month.
> Replying to a question about how he would regulate cryptocurrencies, the chairman replied, “To the extent that something is a security, the SEC has a lot of authority.” Noting he will refer to cryptocurrencies as “crypto tokens,” the former MIT professor emphasized that “a lot of crypto tokens … are indeed securities.”
> We will be working with Congress, and if they see fit, to try to bring some protection for people that want to invest in this speculative asset class.
https://www.sec.gov/spotlight/cybersecurity-enforcement-acti... ("SEC Digital Asset/ICO enforcement actions")
https://www.ropesgray.com/en/newsroom/alerts/2021/March/The-... ("The CFTC Signals New Era in Enforcement of Cryptocurrency Trading with Action Against Antivirus Software Pioneer John McAfee")
https://www.natlawreview.com/article/cftc-s-approach-to-virt... (The CFTC has taken the position to apply “robust enforcement” to “prosecute fraud, abuse, manipulation, or false solicitation in markets for virtual currency derivatives and underlying spot trading.”)