The US SEC Chairman Gary Gensler said Tuesday that the recent crypto crash has shown the urgency for a better regulation of the digital asset industry and bring greater investor protection to the space.
The SEC Chair was delivering his remarks on the SEC’s agenda at the Wall Street Journal’s virtual CFO Network Summit.
During his remarks Gensler said: “The urgency is highlighted” by recent market action. “The urgency has been there and it’s an urgency about investor protection.”
This is not the first time Gensler has pointed out the importance of investor protection. Few months back, in a conversation with Yahoo Finance Editor-in-Chief Andy Serwer, Gary Gensler said, “we at the SEC are technology neutral, but we’re anything but public policy natural.”
Bitcoin prices are now down over 30% so far in June, while the price of Ethereum is down 38%, according to CoinMarketCap.
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