Gary Gensler: "It is necessary to tighten control over DeFi to protect investors" – Bits Media

SEC Chairman announced the need to strengthen control over cryptocurrencies, especially for the DeFi industry, to protect the interests of investors.

According to Bloomberg publication, this week the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler (Gary Gensler) He performed
At the Aspen Security Forum event, where he expressed concern about insufficient measures to protect investors in cryptocurrencies.

“Although I am neutral about technology, And even intrigued - I spent three years, Studying her and teaching her - I am not neutral with regard to the protection of investors ", – Gensler said. “If someone wants to speculate, This is their choice, But we, as a state, must protect these investors from fraud ".

He noted, that technology stimulated economic progress throughout the history of mankind, and he sees similar growth due to digital assets. However, this is possible only with hard and thoughtful regulation.

Hensler said, that SEC is currently working at least on the initiative seven, which are aimed at solving problems, related to the primary placements of tokens (ICO), trading cryptocurrency platforms, Platforms for lending, decentralized finances (DeFi), stablecoins, Castodial storage of cryptocurrencies, as well as ETF for bitcoin and other cryptocurrencies.

“I asked SEC employees to use all our powers everywhere, Where can we ", – He said.

According to Hensler, Cryptocurrency exchanges regulation is the easiest way for the government to quickly take control of digital assets trading. He is concerned about the emergence of new Defi platforms, which have become another tool for entering new investors to the market.

If such platforms advertise specific percentage yield on cryptoactive, This can lead to that, that loans will fall under SEC supervision. In his opinion, Poles control for cryptoactives of the Defi platform can be considered as share investment funds, which potentially allows SEC to regulate them.

Earlier this month, in a speech to the American Association of Lawyers, Hensler recalled, that tokenized securities must be adjusted.