Gensler Emphasizes Need for Crypto Regulation
SEC Chair Gary Gensler has renewed his call for crypto exchanges to register and for those offering securities to provide proper disclosures. Gensler’s remarks come as his tenure may end following President-elect Donald Trump’s recent victory. Gensler reiterated his stance that most of the 10,000 existing digital assets are likely securities, excluding Bitcoin, Ether, and stablecoins.Trump’s Likely Impact on SEC Leadership
Trump’s previous statements indicate he intends to dismiss Gensler, which could alter the SEC’s approach to crypto regulation. Although Gensler may stay on as a commissioner, his departure as Chair could lead to shifts in regulatory priorities.Looking Back on Gensler’s SEC Tenure
Reflecting on his role, Gensler highlighted his commitment to safeguarding American investors and maintaining robust capital markets. His tenure has been marked by a strong regulatory stance on crypto, pushing for stricter oversight and compliance.
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