According to Fox Business reporter Eleanor Terrett, during a House Financial Services Committee hearing, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was asked why the SEC had not created specific regulations for cryptocurrencies. In response, Chairman Gensler indicated that existing regulations and laws that apply to securities could also be applied to cryptocurrencies. He suggested that the regulatory framework already in place is, in many cases, applicable to digital assets and cryptocurrencies, implying that the SEC sees cryptocurrencies as falling under existing securities regulations where applicable. This approach aims to ensure that the regulatory landscape for cryptocurrencies aligns with the existing legal framework for financial assets. 📚📊 #SEC #CryptocurrencyRegulation #CryptoNews