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Gary Gensler believes that most cryptocurrencies are securities and wants the SEC to regulate the market.
Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), revealed in an interview with CNBC earlier this week that he believes most cryptocurrencies are securities.
When asked who should regulate cryptocurrencies, Gensler said the SEC is best equipped to regulate the emerging market. He said;
“Our agency is an agency that oversees this basic bargain. When a group of entrepreneurs is raising money from the public, and the public is anticipating a profit, they need disclosure — full, fair, and truthful disclosure, and that’s the core bargain in our capital markets. You get to
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