In his recent appearance before the House Financial Services Committee, the chair of the US Securities and Exchange Commission could not answer basic questions about America’s approach to regulating cryptocurrencies. Unless that changes, the US will soon lose its lead in digital assets to China and other countries.
WASHINGTON, DC/SAN FRANCISCO – For the first time in 18 months, Gary Gensler, the chair of the US Securities and Exchange Commission, appeared before the House Financial Services Committee on April 18. At a time when the United Kingdom, the European Union, Japan, and other advanced economies are developing new frameworks for regulating digital assets, Gensler has taken a different approach. This was his first real opportunity to explain himself to Congress, and it did not go well.
WASHINGTON, DC/SAN FRANCISCO – For the first time in 18 months, Gary Gensler, the chair of the US Securities and Exchange Commission, appeared before the House Financial Services Committee on April 18. At a time when the United Kingdom, the European Union, Japan, and other advanced economies are developing new frameworks for regulating digital assets, Gensler has taken a different approach. This was his first real opportunity to explain himself to Congress, and it did not go well.