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SEC vows to increase oversight of bitcoin exchanges

by Vaibhav
January 20, 2022
in News
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US banking regulator reminded of the risks of introducing cryptocurrencies
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Cryptocurrency exchanges will be the main focus for the US Securities and Exchange Commission (SEC) as part of tightening measures against digital assets, writes Bloomberg.

SEC Chairman Gary Gensler expressed hope that digital asset trading platforms will take steps in the coming months to be “more specifically” regulated by the agency.

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Additional oversight is critical to giving crypto investors the same protections they get when trading stocks or other traditional assets, he said.

See also  1989 laptop tested in bitcoin mining

Earlier, Gensler called on Congress to develop a regulatory framework for bitcoin exchanges and expand investor protection rules to platforms.

He repeatedly invited trading platforms to dialogue with the SEC

In his opinion, regulation is necessary for the survival of cryptocurrencies. The Commission does not plan to ban digital assets.

Recall that in November 2021, Congressman Glenn Thompson submitted for public discussion a bill providing for a voluntary regulatory regime for crypto exchanges under the auspices of CFTC.

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Name Price24H (%)
bitcoin
Bitcoin (BTC)
$22,971.00
0.13%
ethereum
Ethereum (ETH)
$1,637.68
0.19%
tether
Tether (USDT)
$1.00
-0.30%
binancecoin
BNB (BNB)
$328.62
0.24%
usd-coin
USD Coin (USDC)
$1.00
-0.33%
ripple
XRP (XRP)
$0.396968
-0.71%
cardano
Cardano (ADA)
$0.387872
-0.94%
dogecoin
Dogecoin (DOGE)
$0.091142
-1.01%
matic-network
Polygon (MATIC)
$1.23
1.95%
solana
Solana (SOL)
$23.20
-0.45%
shiba-inu
Shiba Inu (SHIB)
$0.000014
-3.64%
polkadot
Polkadot (DOT)
$6.72
0.33%
litecoin
Litecoin (LTC)
$98.99
2.27%
avalanche-2
Avalanche (AVAX)
$20.08
-0.11%
crypto-com-chain
Cronos (CRO)
$0.080901
0.18%
vechain
VeChain (VET)
$0.024754
2.73%
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