$ 19,646.19
$ 1,325.71
$ 0.999759
$ 0.428176
$ 0.463902
$ 0.999825
$ 0.000311

Gensler Says SEC 2022 Agenda Will Include Regulating Crypto Exchanges

Bleta. M
Gary Gensler believes that Washington's financial regulatory agencies should supervise cryptocurrency trading platforms directly.

According to Gary Gensler, in 2022 the SEC should include digital asset exchanges in its jurisdiction and continue to oversee them.

Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), believes that Washington’s financial regulatory agencies should supervise cryptocurrency trading platforms directly. He expressed optimism that more oversight will take place this year to provide investors with more coverage and safeguarding when trading with Bitcoin (BTC) and other cryptocurrencies.

The American official has often said that stricter investor regulations are needed in the digital asset market. In 2021, he expressed his admiration for the cryptocurrency industry but stated that this will not deter him from advocating for tighter market controls. Gensler went on to say “I’m not neutral about investor protection. If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.” 

He reinforced his position during an online press conference, adding that cryptocurrency exchanges should expect increased scrutiny from the SEC and other financial agencies in 2022. He believes that the increased oversight will offer investors the required security when dealing with cryptocurrencies. He stated “I’ve asked staff to look at every way to get these platforms inside the investor protection remit. If the trading platforms don’t come into the regulated space, it’d be another year of the public being vulnerable.”

In this regard, it is important to note that the SEC recruited a senior advisor for Gary Gensler to advise him on how to regulate cryptocurrencies in the last month of 2021. Corey Frayer is the new SEC hire who has considerable experience in consumer and investor protection and associated problems. 

The comprehensive crypto crackdown enforced by the Chinese government within its territory was one of the most significant events in the crypto market in 2021. In the aftermath, a number of other countries began to consider whether they should follow suit.

Gary Gensler stated in October that the United States will not follow in China’s footsteps. While emulating the Chinese model is not on the table, the Chairman reiterated that financial authorities have concentrated on improving investor protection in the industry.

Jerome Powell, the chairman of the Federal Reserve, has stated that the United States has no plans to limit the use of digital assets. However, he also advocated for increased industry monitoring.

Also read: 

Dogecoin Price Surges Following Elon Musk’s Tweet

These BTC HODLers are Resisting Selling Pressure in Recovering Crypto Market

Bitcoin Bounces Back to $41K As Stock Market Confidence Grows

EU Securities Regulator Proposes Crypto Mining Ban

Actual Hack Damages Near $33 Million Per On-Chain Analyst

Also read:

Related News

Kim Kardashian Charged By SEC For Unlawfully Touting Crypto Security

The Securities and Exchange Commission has charged Kim Kardashian for promoting a crypto asset security sold and offered by EthereumMax on social media, resulting in a scam. This is without reporting the compensation she got for a promotion. In exchange for dropping the accusations, paying around $1.26 million in fines, forfeiture, and interest, going along with the investigations, the star of Keeping Up With The Kardashians, Kim, agreed to settle

Read More »
The action came after Binance's expansion in several nations in 2022, such as Dubai, France, Spain, and Italy, as the platform aims to expand its operations and boost global cryptocurrency usage.

Binance to Offer its Services to New Zealand

As per a blog post published on September 30, the biggest crypto exchange by trading volume, Binance, is now reportedly registered in New Zealand and opened a regional office there called Binance New Zealand as part of its effort for worldwide expansion. On September 10, Binance filed as a financial service provider with the Ministry of Business, Innovation, and Employment in New Zealand. This allowed the business to provide a

Read More »
With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources.

BlackRock Introduces New ETF Targeting European Clients

Blackrock, the biggest asset manager in the world, has revealed the introduction of a fresh ETF. With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources. The iShares Blockchain Technology UCITS ETF, a new Blackrock ETF, was introduced on September 27. Blackrock provided more information about the ETF, claiming that 75% of

Read More »

My Coins

$ 19,646.193.7%
$ 1,325.713.88%
$ 0.9997590.01%
usd-coinUSD Coin
$ 0.9998250.11%

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]