Crypto Has “No Boundaries”, SEC’s Gensler tells European Regulators

Sep 2 , 2021

Crypto Has ‘No Boundaries,’ SEC’s Gensler tells European regulators

During a European Parliament committee meeting on economic and monetary affairs on Wednesday, US Securities and Exchange Chairman Gary Gensler requested collaboration on topics ranging from cryptocurrency laws to risk disclosure requirements connected to climate change.

“Our global markets are intimately linked,” he added, adding that money moves between them in microseconds. “For investors and companies, new financial technologies are continuing to transform the face of finance.”

The SEC's objectives in financial regulation, according to Gensler, include cryptocurrencies, new regulations on digital engagement initiatives by app-based stock brokers, and new climate change risk disclosure standards.

On the subject of digital assets, Gensler reiterated his prior remarks, stating that if the bitcoin sector is to continue to expand and innovate, it must accept a new worldwide regulatory framework.

“For those who wish to promote crypto ideas, I'd want to point you that financial innovations have never thrived outside of public policy frameworks,” Gensler added. “Unfortunately, in certain uses, this asset class has been plagued with fraud, frauds, and abuse.”

Members of the European Parliament's Economic and Monetary Affairs Committee pushed Gensler on whether he believes U.S. securities rules provide him or other American regulators with the tools they need to protect investors in digital asset markets.

Gensler stated that his agency's capabilities are extensive, but he also called on Congress to amend securities laws in order to provide greater clarity to the industry's regulation.

“Many of these crypto tokens have..entrepreneurs behind them, and the investing public is looking for a profit based on that entrepreneurial group's efforts,” Gensler explained. “Under our United States laws, which are reviewed by our Supreme Court, it frequently makes those investment contracts and laws a security.”

Financial products that qualify as investment contracts are subject to SEC rules and monitoring, according to the Supreme Court.

“We have major authorities that are clear, but we also have some gaps,” Gensler continued, referring to the question of which regulator has the authority to oversee cryptocurrency exchanges that allow investors to trade digital tokens that are securities and those that aren't.

Subscribe Our Newsletter

Insider News: Amazon Has Been Secretly Testing Its Drone-Delivery Program And Plans To Drop Packages From The Sky
Insider News: Amazon Has Been Secretly Testing Its Drone-Delivery Program And Plans To Drop Packages From The Sky

However, according to industry sources, those objectives might yet alter since Prime Air has been extremely slow to start due to regulation obstacles, turnover rates, and safety risks. Because individuals feared punishment from Amazon, these employees wished to remain anonymous.

Companies
BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund
BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund

According to Reuters, BlackRock Inc (BLK.N) has raised a target-beating $673 million for an infrastructure fund with backing from the French, German, and Japanese governments to invest in climate-focused initiatives in emerging nations, such as renewable energy.

Companies
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Anna

DEXTools: How Can It Improve Your Trading Experience
Read the article to discover how DEXTools can help you manage, track, and swap your tokens in one intuitive interface.

discover
Top 7 Liquidity Providers of 2022

Constantine

Top 7 Liquidity Providers of 2022

People and institutions have traded on the Forex market for a long time because of its relation to fiat trading pairs. However, despite cryptocurrency's quick ascent, traders found a whole new spectrum of applications for the digital money they were utilizing.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.