Gensler was formerly the head of the Commodities Futures Trading Commission. Notably, if cryptocurrencies become classified as “securities” they will be under the SEC’s purview.
Estimated reading time: 0 minutes, 21 seconds
Gensler Tips Hand on How He’ll Treat Crypto If Confirmed to SEC Post
Gary Gensler, President Joe Biden’s prospective pick to lead the U.S. Securities and Exchange Commission, said he is open to the idea of digital currencies, but warns investors must be “adequately protected.” So reports Fox Business.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-