'I think that the facts and circumstances suggest they are investment contracts, they are securities, and they should register,' SEC Chair Gensler stressed. crypto cryptocurrency
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won't Say if Ethereum Is a Security
They want to protect you — the investing public — so that you have proper information, or what’s called full and fair information, and protect you against fraud and scammers and the like. He was also asked to comment about the increase in crowdfunding using cryptocurrencies. Reiterating that he will not comment on any particular project, the chairman detailed: “Crypto tokens, I will call them, are raising money from the public, and are they sharing with the public the same set of disclosures that helps the public decide and are they complying with our Truth in Advertising? Call it the Securities Act’s anti-fraud provisions.
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