https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03The hyperlink is SEC Chairman Gary Gensler's speech at Aspen Security Forum on August 3.
There are two sentences are worthy of our alert.
"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”
"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”
Please stay awake. The regulation of the cryptocurrency market will become more and more serious. How do you interpret the sentences?
Personally, not really, that was my observation. Maybe something could be serious sooner as the interest of the community rises which tends for the government to regulate crypto transactions that are usually been a tool for some illegal activities but for now, I'd never seen it.
Well, I do understand their intentions but we can't deny is that some corrupt leaders will take advantage of the situation when it happens that the government was already in control of crypto. I was afraid that also but if they are just fair to us and they don't make hges changes on the market, I'll give them the support.