.GaryGensler reasserts the majority of crypto tokens as securities in his prepared testimony
Gensler insisted that identifying oneself as a DeFi platform does not exempt one from complying with securities laws, and that such noncompliance endangers investors and jeopardizes public trust in the capital markets.mentioned that he has requested SEC staff to formulate rule proposals related to AI for the Commission to review. This highlights the SEC's dedication to addressing emerging technologies and their potential influence on the market.
Gensler's statement underlines the SEC's commitment to ensuring that the crypto sector adheres to securities laws. As the industry continues to develop, regulatory scrutiny will likely intensify to protect investors and preserve the integrity of capital markets.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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