Analysis: Biden's SEC chair nominee signals more regulation
The U.S. Securities and เกมสล็อต roma Exchange Commission appears likely to work on its
first guidelines for cryptocurrencies after President Joe Biden's nominee to lead the agency
promised to provide "guidance and clarity" to the rapidly evolving market.
Speaking during his confirmation hearing before the Senate Banking Committee on Tuesday,
Gary Gensler offered the first thoughts on handling cryptocurrencies if he is confirmed to
lead the top U.S. markets regulator.
"Bitcoin and other cryptocurrencies brought new thinking to payments but raised new issues
of investor protection we still need to attend to," Gensler told lawmakers, describing them
as "catalysts for change."
As SEC chairman, he would promote the new technology while ensuring investor protections,
he said. The SEC has not adopted rules specifically tailored to cryptocurrencies and how
they should be treated by people and companies, which some argue has created an unclear
"It's important for the SEC to provide guidance and clarity," Gensler said. "Sometimes that's
a clarity that will be a thumbs up, but even if it’s thumbs down, it’s important to provide that."