Gary Gensler: "SEC will not ban cryptocurrencies" – Bits Media

The SEC chairman at the hearing of the US Congress said, that his agency has no plans to ban cryptocurrencies following the example of China - if necessary, this decision will remain with Congress.

Chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler (Gary Gensler) Once again, he outlined the position of the regulator in relation to the cryptocurrency industry. This week he took part in the list of US Congress, on which a member of the House of Representatives and a long -standing supporter of cryptocurrencies Ted Badd (Ted Budd) asked the Hensler a question regarding the SEC plans to ban cryptocurrencies.

Hensler said, that the SEC does not plan to follow the example of China to ban cryptocurrencies in favor of future state cryptocurrency, And he said, that this issue remains at the discretion of the Congress. Last week, US Federal Reserve Chairman Jerome Powell (Jerome Powell) Also declared, that the United States does not plan to introduce a direct ban on cryptocurrencies.

During a four -hour hearing on Tuesday, Hensler answered questions about cryptocurrency, Stebblecoins, regulation of exchanges and decentralized finance (DeFi). He repeated his previous statements on the regulation of cryptocurrencies, including the need to register exchanges in SEC, Potential systemic risk and inevitability of stablecron regulation.

Hensler dwelled in more detail at the potential powers of the SEC to regulate the cryptocurrency industry. Member of the House of Representatives of Jim Haims suggested SEC to release a guide to regulate cryptocurrencies. In response to this, Hensler said, that cryptocurrency exchanges should be registered in SEC, but decentralized exchanges should also work in accordance with the rules.

“Even in decentralized platforms - the so -called Defi platforms - there is a centralized protocol. And although they do not realize storage to the same extent, that centralized exchanges, I think, They should be in the field of view of regulators ", - said Hensler.

During the hearing, Hensler again emphasized, that considers stablecoins as a systemic risk to the economy.

“Stebblecoins on $125 billion look like poker chips in a casino ", - said Hensler. "I think, that if their growth continues, and over the past year, the capitalization of stablecoins has grown about ten times - they can be general -system risks ”.

Recall, that last month, the chairman of the SEC called cryptocurrencies a highly speculative class of assets and said, that in many cases they have no intrinsic value.