Cryptocurrency exchange needs to strengthen investor protection = US SEC Chairman
We would like to include exchanges that trade only Bitcoin, which is not required to be registered with SEC, as a subject of regulation.
At the annual meeting of the Financial Industry Regulatory Authority (FINRA), “This asset class has a wide range of price fluctuations, so strengthening investor protection for crypto asset exchanges will benefit general investors. “. Bitcoin plunged in the previous day’s trading due to concerns over tightening regulations in China and a sense of caution over how much leveraged crypto assets are trading.
Gensler said he had asked Congress to consider the issue.
Cryptocurrency tokens issued in the same way as traditional investment tokens (certificates of title) are under the jurisdiction of SEC, and SEC has taken about 70 legal enforcement measures for tokens that are not registered with SEC.