The current Chair of the US Securities and Exchange Commission – Gary Gensler – opined that Washington’s financial watchdogs should directly regulate cryptocurrency trading venues. He raised hopes that further monitoring will happen this year to grant investors more protection when dealing with bitcoin and altcoins.
Crypto Platforms Are a Target in 2022
The 64-year-old American has repeatedly stated that the digital asset space needs better investor rules. Last year, he outlined his affection for the industry but said this will not stop him from pushing for enhanced regulations in the market.
“I’m not neutral about investor protection. If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud,” Gensler said at the time.
During a recent virtual press conference, he reasserted his viewpoint by saying that cryptocurrency exchanges should face more scrutiny from the SEC and other monetary regulators this year.
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