Gary Gensler: “cryptocurrencies are often used for fraud” – Bits Media

Chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler Calls for Better Protection for Crypto Investors as Digital Asset Market Grows.

As stated by Gary Gensler (Gary Gensler), speaking to the Investor Advisory Committee, height cryptocurrency market requires, to ensure that this asset class falls within the scope of public policy, related to “concern for investors”, protection from illegal activities, as well as protecting financial stability".

“This asset class is often used for fraud in some applications. In many cases, investors cannot get an accurate, balanced and complete information about tokens or trading and lending platforms".

He admitted, that the SEC currently does not have enough resources to protect investors in the cryptocurrency market, в особенности в секторе DeFi.

«Американская общественность покупает, продает и дает в долг криптовалюту на торговых, кредитных и децентрализованных финансовых платформах, where there are significant gaps in investor protection".

Gensler warned, that DeFi leaves markets open to manipulation. This makes investors vulnerable. therefore, If the regulators do not solve transparency problems, многие инвесторы пострадают.

Руководитель SEC пояснил, что многие токены «предлагаются и продаются как ценные бумаги». but, он не считает токен ценной бумагой. In his opinion, ценные бумаги – это акции, bonds and bills. There are only about 20 positions, which Congress recognized as securities in the 1930s.

SEC Chairman noted, that many tokens in cryptocurrency markets "may be unregistered securities without mandatory disclosure or market oversight".

Недавно Генслер назвал биткоин автономной альтернативой и конкурентом традиционной банковской системы США. В октябре комиссар SEC Кэролайн Креншоу (Caroline Crenshaw) called on DeFi projects to cooperate with regulators, to solve problems of transparency and anonymity.