Cryptotelegraph
  • News
    • Bitcoin News
    • Ethereum News
    • Crypto News
    • Crypto Technology
    • Analysis
    • Blockchain News
    • Industry News
    • NFTs
    • ICO News
    • Press Releases
  • Market Cap
  • Exchanges
  • ICOs
  • Videos
    • Bitcoin Videos
    • Ethereum Videos
    • Altcoin Videos
    • Blockchain Videos
    • ICO Videos
  • Submit Press Release
    • Read Press Releases
  • Contact Us
No Result
View All Result
Cryptotelegraph.com
No Result
View All Result
Home News Press Releases

SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback

Andy K by Andy K
May 24, 2023
in Press Releases
Reading Time: 2 mins read
15.6k 157
0
SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback
2.7k
SHARES
68.3k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

September 20, 2023
Chimpzee is Paving The Way Forward For Meme Coins, More Milestones on The Horizon

Chimpzee is Paving The Way Forward For Meme Coins, More Milestones on The Horizon

September 20, 2023

SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback

Source: Securities and Exchange Commission website

US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets.

Gensler was asked on Monday during Atlanta Fed’s 2023 Financial Markets Conference to comment on the dispute with Coinbase why the SEC doesn’t want to publish crypto rules. 

The rules have already been published, Gensler said.

“To make it quite direct, this is a field that has been operating largely noncompliant,” Gensler said. 

Rules are already out there governing exchanges, broker dealers, advisers, custodying assets and how to register securities offerings, he said.

There is nothing about a new technology that makes it non consistent with public policies, Gensler added. 

Coinbase filed a petition in July 2022 asking for the agency to propose and adopt rules for digital assets, while criticizing its “enforcement-first approach.”

“… new rules facilitating the use of digital asset securities would allow for a more efficient and effective allocation of capital in financial markets and create new opportunities for investors,” the exchange said. 

The petition garnered support from the US Chamber of Commerce, the world’s largest business organization, last week. 

“Industry confusion about the rules—and whether they can even be satisfied—hampers innovation,” the Chamber said. 

Coinbase has been embroiled in a fight with the SEC since March following news that the exchange was served a Wells Notice. 

A Wells notice is a letter from SEC staff saying that the agency is ready to recommend formal charges to the five-member commission.

Gensler stays steady

Gensler has repeatedly said most cryptocurrencies are securities and has said that firms need to register with the agency.

The SEC chair also called the idea that many of the crypto projects are decentralized a “false narrative.”

“If there’s 12,000 or 23,000 tokens, you can find some group of entrepreneurs and a website and a Reddit chat or a Twitter channel around most of these,” Gensler said.

Tags: AltcoinsbitcoinblockchainCryptoCryptocurrencyCryptoNewsDeFiExchangeInvestingmarketnftregulationTradingXRP
Share1094Tweet684
Andy K

Andy K

Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

Fun Fact : Despite other staff members helping themselves daily - Andy has a 'never-ending' container of 'Jelly beans' always sat on his desk, it's magic!

Related Posts

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

by Andy K
September 20, 2023
0

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake Source: Adobe / Rafael HenriqueAccording to an X...

Chimpzee is Paving The Way Forward For Meme Coins, More Milestones on The Horizon

Chimpzee is Paving The Way Forward For Meme Coins, More Milestones on The Horizon

by Andy K
September 20, 2023
0

Chimpzee is Paving The Way Forward For Meme Coins, More Milestones on The Horizon Disclaimer: The text below is a...

Crypto Exchange Bullish Applies for License in Hong Kong – Can this new Bitcoin Fork list on the exchange?

Crypto Exchange Bullish Applies for License in Hong Kong – Can this new Bitcoin Fork list on the exchange?

by Andy K
September 20, 2023
0

Crypto Exchange Bullish Applies for License in Hong Kong - Can this new Bitcoin Fork list on the exchange? Crypto...

FTX’s Crypto Sale Gets Nod; $ADA, $ATOM and $ROE Keep Market’s Optimism

FTX’s Crypto Sale Gets Nod; $ADA, $ATOM and $ROE Keep Market’s Optimism

by Andy K
September 20, 2023
0

FTX's Crypto Sale Gets Nod; $ADA, $ATOM and $ROE Keep Market's Optimism The cryptocurrency market is a constant rollercoaster of...

Cosmos And Polkadot’s Interoperability Plans Under Scrutiny, InQubeta’s Unique Model Has Investors Curious

Cosmos And Polkadot’s Interoperability Plans Under Scrutiny, InQubeta’s Unique Model Has Investors Curious

by Andy K
September 20, 2023
0

Cosmos And Polkadot's Interoperability Plans Under Scrutiny, InQubeta's Unique Model Has Investors Curious The crypto landscape is fast-evolving and contains...

Load More

Discussion about this post

Partners

Crypto Prices

  • Trending
  • Comments
  • Latest
Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

March 14, 2020
Blockchain unconfirmed transaction hack 100% Working! New proof!

Blockchain unconfirmed transaction hack 100% Working! New proof!

March 13, 2020
Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

February 11, 2020
🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

March 31, 2020
Ripple XRP Token

Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

0
Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

Bitcoin Cash ‘hard fork’ What you need to know about it

0
Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

0
BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

Will Bakkt Send Bitcoin’s price skyrocketing?

0
Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

September 22, 2023
Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table – Here is How Bitcoin (BTC) Reacted

Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table – Here is How Bitcoin (BTC) Reacted

September 22, 2023
Bitcoin Price Prediction as US Federal Reserve Keeps Interest Rate Unchanged – Will BTC Blast to $30,000?

Bitcoin Price Prediction as US Federal Reserve Keeps Interest Rate Unchanged – Will BTC Blast to $30,000?

September 22, 2023
Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report

Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report

September 22, 2023

Cryptotelegraph logo x 2




The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!


Read More





Disclaimer

Information found on Cryptotelegraph is those of referring websites (or) writers quoted. It does not represent the opinions of Cryptotelegraph on whether or not to buy, trade, sell or hold any investments. You are advised to conduct your own research before making any investment decisions. Use all provided information at your own risk. Full disclaimer.

Crypto News

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table – Here is How Bitcoin (BTC) Reacted

Bitcoin Price Prediction as US Federal Reserve Keeps Interest Rate Unchanged – Will BTC Blast to $30,000?

Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report

Sam Bankman-Fried’s Alameda Research Allegedly Linked to 2021 Bitcoin Price Plunge

Bitcoin Price Prediction as Bears Push BTC Below $27,000 Support – Dip Buying Opportunity?

Donations Welcome




Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq

Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816

Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d

Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW





© Copyrights 2017 - 2021 Cryptotelegraph.com. All Rights Reserved.

Contact    About    Privacy & Cookie Policy

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Crypto News
    • Crypto Technology
    • Analysis
    • Blockchain News
    • Industry News
    • NFTs
    • ICO News
    • Press Releases
  • Market Cap
  • Exchanges
  • ICOs
  • Videos
    • Bitcoin Videos
    • Ethereum Videos
    • Altcoin Videos
    • Blockchain Videos
    • ICO Videos
  • Submit Press Release
    • Read Press Releases
  • Contact Us

© Cryptotelegraph.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.