SEC Chairman Gary Gensler is coming up with new regulations that will include crypto exchanges! 💼📈
- Gensler stated that the definitions of exchanges and alternative trading platforms need to be updated due to major changes in financial markets.
- Since the regulations in 1998, electronic trading platforms and algorithmic strategies have dominated the markets.
- The SEC has proposed new rules in 2022 that will require these platforms to register as broker-dealers.
- These rules, which have caused controversy in the crypto world, have been expanded to include DeFi.
- Share your thoughts in the comments! 💬
#Crypto#Blockchain #SEC