Securities and Exchange Commission (SEC) Chairman Gary Gensler said his agency will take a long road in enforcing crypto-related rules and regulations.
The reason is the lack of disclosure of information provided by crypto asset companies to investors. Gensler stated this a few weeks before the end of his leadership, on Monday (01/20).
In addition, the SEC should also conduct further regulatory oversight of Altcoins and intermediaries in the crypto market.
For your information, Gensler is a crypto industry skeptic. According to him, crypto only covers less than 1% of the US financial market and is full of speculation.
Gensler himself will be replaced by Paul Atkins as the SEC Chairman candidate during the administration of US President-elect Donald Trump. In his vision, Atkins seeks to anticipate a relaxed application of the crypto industry in order to reduce law enforcement actions.
#NewsAboutCrypto #BTC #ETH #USJoblessClaimsDrop #CryptoMarketDip