Gary Gensler highlights the SEC’s need for further work on crypto regulations
Washington: So, Gary Gensler, the SEC chair, is saying there’s still a lot to tackle when it comes to regulating cryptocurrencies. He’s been pretty vocal about how everyday investors aren’t getting the info they need from these digital asset firms.
During a recent chat on Bloomberg TV, he pointed out that his time at the SEC has been all about cracking down on various players in the crypto space. He’s gone after everyone from scammers to big names like Coinbase.
Now, Gensler is set to step down soon, with a new guy, Paul Atkins, coming in. It sounds like Atkins might take a softer approach to regulating digital assets, which could change the game a bit.
Gensler mentioned that while he’s been busy enforcing rules, his predecessor had already brought a bunch of cases against crypto firms. He’s focused more on the middlemen who aren’t following the rules, rather than just the companies issuing tokens.
He’s had some wins and losses in court, but he’s still convinced that many of these crypto projects won’t last. It’s all about sentiment in this market, he says, not so much the fundamentals.
