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Gary Gensler, Chairman of the SEC, explains “How Securities Regulations Apply to Crypto Tokens”

Gary Gensler, chairman of the SEC, has detailed how securities rules apply to cryptocurrency tokens and outlined the commission’s goals in regulating the crypto market on CNBC Monday.

“Our responsibility as the SEC is to ensure that the public continues to get fundamental protection,” -he said.

 “If you collect money from the public and the public expects to gain as a result of that promoter, sponsor, or group’s activities — that’s under the securities regulations, and it’s within the securities laws because Congress painted with a wide brush” -he added.

The SEC has declined to comment on the Ethereum question.     

During an interview, the head of the financial watchdog indicated that the commission does not discuss individual projects or provide legal advice over the airways.

Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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