US SEC Chief Says Cryptocurrencies Need More Regulation

chairman of the U.S. Securities and Exchange Commission, Gary Gensler, reported overnight:

  • Some rules related to crypto assets are well defined. test to determine if a crypto asset is a security is clear
  • However, there are some loopholes in this space: We need additional Congressional authorities to prevent transactions, products, and platforms from falling through regulatory cracks. We also need more resources to protect investors in this growing and volatile sector.

Bitcoin update:

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