Crypto Market Under Scrutiny: SEC Chair Gary Gensler’s Dissatisfaction & Its Impact on Bitcoin (BTC)
full version at en.coinotag
- On May 7, 2024, U.S. SEC Chair Gary Gensler appeared on CNBC’s “Squawk Box” to discuss various pressing issues related to the oversight of the crypto market and several high-profile cases involving financial oversight and regulation.
- Gensler highlighted the SEC’s ongoing commitment to ensuring transparency and fairness in the crypto market, emphasizing the need for full, fair, and truthful information to be provided to investors.
- He also discussed the case of Trump Media’s auditor, BF Borgers, which was charged with massive fraud, highlighting the crucial role of auditors as gatekeepers in the financial system.
U.S. SEC Chair Gary Gensler discusses the oversight of the crypto market, the importance of auditing standards, and concerns about market manipulation in a recent CNBC interview.
Oversight of the Crypto Market and SEC’s Role
Gary Gensler highlighted the SEC’s ongoing commitment to ensuring transparency and fairness in the crypto market. He emphasized the need for full, fair, and truthful information to be provided to investors, which he believes is not currently the case in the crypto sector. Gensler pointed out that if crypto products are securities, then they must adhere to the same rigorous standards as other securities, reinforcing the SEC’s role in protecting investors from misleading information.
