A U.S. senator has called on the SEC to issue crypto regulations now 'through a transparent notice-and-comment regulatory process.' cryptocurrency garygensler
US Lawmaker Calls on SEC to Issue Crypto Regulations — Says 'a Formal Regulatory Process Is Needed Now'
In his letter dated Oct. 13, the senator told Gensler, “Clear rules promote an environment where investors are protected,” adding: He stressed: “Currently, digital asset markets do not have a coordinated regulatory framework. This creates uneven enforcement, and deprives investors of a clear understanding of how they are protected from fraud, manipulation, and abuse.”
Given the complexity of these issues, and recognizing that some digital assets are securities, others may be commodities, and others may subject to a completely different regulatory regime, a formal regulatory process is needed now.
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