SEC Chairman Gary Gensler has unveiled the SEC’s key cryptocurrency implementation plan. He also noted that the agency is understaffed to adequately protect cryptocurrency investors.
SEC announces major cryptocurrency implementation plan
SEC Chairman Gary Gensler said efforts are being made to register the majority of ICO offerings in coordination with crypto exchanges. He spoke for the FTC and SEC at the Congressional Budget Proposal investigation on Wednesday. According to Gensler, most ICOs fall under the SEC’s securities law. He explains that cryptocurrencies will be brought into the regulatory framework through the use of the SEC’s enforcement tools.
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