BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How has Gary Gensler's appointment as SEC chairman impacted the regulation of digital currencies?

Teodor PetrovMay 05, 2022 · 3 years ago1 answers

What changes have been made to the regulation of digital currencies since Gary Gensler became the chairman of the SEC?

1 answers

  • May 05, 2022 · 3 years ago
    As the SEC chairman, Gary Gensler has made significant strides in regulating digital currencies. His appointment has brought a fresh perspective and a deep understanding of the crypto industry to the SEC. Gensler has emphasized the importance of investor protection and has been working towards creating a more transparent and fair market for digital assets. Under his leadership, the SEC has been actively reviewing and approving cryptocurrency exchange-traded funds (ETFs), which could open up new investment opportunities for retail investors. Gensler's appointment has also led to increased collaboration between regulatory agencies and industry stakeholders, fostering a more constructive dialogue on the future of digital currencies regulation.