- Harry Gensler issued a new statement
- He denied the claims of crypto firms about difficulties with registration
SEC Chairman Gary Gensler has responded to claims from crypto firms about registration difficulties. This was one of the topics of the 2023 Global Exchange and Fintech Conference.
“When cryptoassets take to Twitter or go on TV and say they haven’t been given ‘fair notice’ that their behavior may be illegal, don’t believe it. They may have made a balanced economic decision to take the risk of enforcement. And put it into the cost of doing business.”
This comment is in response to recent allegations by Coinbase chief legal officer Paul Grewal. He said that the crypto exchange tried to register with the SEC, but could not. They were ready to issue a license for a broker-dealer, an alternative trading system, or even a national securities exchange. But the agency denied all requests.
This information was confirmed by representatives of Robinhood. Like Coinbase, they also tried to register with the SEC, but were unsuccessful.
When Gensler was asked about the claims of crypto companies, Gensler completely denied that the agency had turned them down.
“They know how to register. But they don’t want to do it.”
Recall that recently the chairman of the SEC issued another scandalous message. He said they don’t need more digital currency other than dollars and euros. Fiat is available electronically, and that’s enough.