US Securities Commission Defends Crypto Investors

Briefly:

  • Head of Securities Commission US Securities and Exchange Commission gave an extensive interview about cryptocurrency
  • According to him, this category of assets is in the area of ​​interest of the department
  • The main focus of the division will be the protection of cryptoinvestors

The head of the US Securities and Exchange Commission (SEC) Gary Gensler noted that cryptocurrencies fit into the agency’s sphere of interests. He encouraged exchanges to cooperate and stressed the importance of protecting crypto investors.

“People trust money and expect profits from the efforts of the entrepreneur or IT group. It fits into our area of ​​interest, ”Gensler said in an interview with The Wall Street Journal.

The head of the Commission also commented on the position and activities of crypto-exchanges. According to him, they are not only engaged in trading. Such sites also store crypto tokens and make deals against their consumer community.

Gensler noted that in fact such companies correspond to the ideas about the exchange. However, they conduct other activities as well, which is why crypto investors need protection.

Also in an interview, Gensler answered the question of whether crypto tokens can be classified as derivatives. According to him, this is possible, since their number on the market is only growing.

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