The Investor Advisory Committee has announced that it supports SEC chairman Gary Gensler’s stance on crypto.
The Investor Advisory Committee said it supports Gensler’s stance on crypto. However, the committee also stated that it needed guidance on the subject as pressure from the SEC increased.
SEC Statement from the Investor Advisory Committee
The Investor Advisory Committee said it supports SEC Chairman Gary Gensler’s stance in the crypto industry. However, the committee requested formal guidance for the industry. The committee sent a letter to Gensler last week stating that the SEC needs to provide more guidance on federal securities laws that apply to crypto assets. According to the letter, SECIt was noted that ‘s can use these inputs to create additional guidance or suggest rules to address identified issues.
gens has repeatedly stated that crypto firms must comply with current securities laws, and has not shown any interest in issuing specific rules or guidance for digital assets. The committee argued that crypto tokens are subject to federal securities laws and therefore crypto platforms and guardians should also be regulated.
