• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

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

Singapore’s Grab Soars 18.6 Percent On Nasdaq Debut Following SPAC Merger
Singapore’s Grab Soars 18.6 Percent On Nasdaq Debut Following SPAC Merger

After making its launch on the Nasdaq Stock Market, Grab Holdings, Southeast Asia's most expensive technological startup, soared 18.6% to $13.06 in opening trade on Thursday.

Stocks
Ruler of the Metaverse: Blockchain or Big Tech?
Ruler of the Metaverse: Blockchain or Big Tech?

Web3, the next-generation internet featuring the metaverse, is mostly hype. However, a debate is building over whether a blockchain-based internet would be decentralized — as crypto proponents desire — or dominated by Big Tech.

Crypto
Tamta

Crypto Trading For Beginners
Since Bitcoin's debut in early 2009, the popularity of cryptocurrencies has skyrocketed significantly. Although Cryptocurrencies' primary goal was to serve as a fast and decentralized payment alternative, they soon gained recognition as an option to generate a passive income.

discover
How to Choose the Best Crypto Payment Provider?

Oliver

How to Choose the Best Crypto Payment Provider?

The cryptocurrency market is booming at an unprecedented rate. Currently, there are over 20,000 different kinds of cryptocurrencies being traded in the global crypto market. This significant growth has caught the attention of many businesses and entrepreneurs who are now looking for ways to implement cryptocurrency into their own activities and accept crypto payments.

Crypto Payments

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    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

    Tamta

    Guide to Craiyon: How To Use a New DALL-E Mini

    https://liquidity-provider.com/app/uploads/2023/06/cover-5-800x540.jpg

    Tamta

    Credit Cards vs. Debit Cards

    https://liquidity-provider.com/app/uploads/2023/06/cover-800x540.jpg

    Tamta

    Investing In Private Equity: What Should You Know?

    https://liquidity-provider.com/app/uploads/2023/05/cover-7-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy