SEC chairman Gary Gensler also included the topic of cryptocurrencies in the text he prepared for his speech at the US Financial Services and General Governance Subcommittee.
It seems that SEC Chairman Gary Gensler is aware of the rapid technological transformation occurring in the financial markets, including the emergence of cryptocurrencies.
He states that crypto markets are full of mismatch and highly speculative behavior, and investors are putting their hard-earned assets at risk.
In his speech, Gensler underlines the need for new tools, expertise and resources to combat malicious behavior and ensure the resilience of critical market infrastructure. Overall, Gensler’s speech shows that the SEC takes cryptocurrency regulation seriously and sees it as an important area of focus for the institution going forward.
*Not investment advice.