SEChead Gary gensthat crypto markets are incompatible and decentralizationHe said his narrative was wrong.
Atlanta Federal Reserve baseattending a conference organized by gens, he again took cryptocurrencies to his target. gens, coinbaseHe also touched on the dispute and general crypto regulations.
27th annual Financial Markets Conferenceparticipating in gens argued that the crypto industry is full of conflicts and incompatible. Moreover gens, satoshi Nakamototalked about.
SEC Chairman Gensler Is Clear On Crypto
SEChead Gary gens, Atalanta Federal Reserve base He reiterated his stance on cryptocurrencies at the conference organized by Gensler consistently offered the opposite answer to the questions put to him. As known genshas been the target of criticism for its stance on crypto.
Evaluating the crypto ecosystem as a whole gensstated that it is an incompatible and problematic place. gensIt was noteworthy that three of the four bankrupt banks in the US owned crypto assets.
Also commenting on Coinbase gens, argued that their role in preventing systematic transmission is important. gens , said that they have already published the rules and the industry has an incompatible structure. speaking on the subject gens, said:
Our agency has set rules on what it means to be a stockbroker, what it means to be a broker-dealer, what it is to be a custodian and asset advisor, and how to record a securities offering. These rules are in place, and there is nothing to make a new technology inconsistent with public policies laid down by Congress.
In addition, Gensler stated that their only request is for crypto money projects to register and comply with the rules. Finally, Gensler stated that they do not know who or who Satoshi Nakamoto, the creator of Bitcoin, is. Gensler stated that this view, which has been against centralization since ancient times, eventually turns to law. According to SEC Chairman Gensler, this situation created by the perception of decentralization results in bankruptcy courts.
