In addition, to oversee, the SEC chairman declares that new technologies must be included in the civil rights law.

Since December, the US Securities and Exchange Commission (SEC) has continued to tighten its grip.

On December 13, Gary Gensler, chief executive of the U.S. Securities and Exchange Commission (SEC), told a Wall Street Journal CEO board meeting that the work would raise public funds even if he did. notice, request, etc.) Any such attempt is within the authority of the SEC and is subject to law. He also said that the main objective of the SEC is to protect public investments and to work for the public.

Gensler also noted: “Currently there are companies trying to register in the Bahamas, Singapore, Seychelles, Malta or elsewhere. I want to point out is that some old technologies have long been outside the realm of civil rights since the beginning of the period. Even if the public is faced with the same situation, so are new technologies.

Over the past two weeks, the SEC has reiterated its oversight and assessment of crypto and new technology compliance starting in December, with further tightening of protections blocking the public.

On December 3, the SEC rejected WisdomTree's request to place Bitcoin on the ETF. The United States Securities and Exchange Commission (SEC) explained that the disclaimer was necessary to protect investors against "fraud" and "scrutiny."

Although the SBF said it was "confused" that the US SEC allowed the Bitcoin futures ETF to be released, but not the location of the ETF. However, in response to questions from Pat Toomey, Republican Chairman of the United States Senate Banking Committee, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), said: There is no control on Bitcoin and can lead to fraud and embezzlement. . reiterate the concerns. He said the SEC's decision would not have been affected if US regulators had not accepted spot Bitcoin ETFs.

Addressing Congress, Gensler also wrote, “The Bitcoin market itself today is essentially unregulated. The lack of regulation and oversight raises concerns about the potential for fraud and oversight. Employees will continue to adhere to legal standards and procedures in accordance with Federal Safety Act. "

At the same time, Gary Gensler called for greater protection for investors in the cryptocurrency market. “This asset class is vulnerable to fraud, deception and abuse in one form or another,” token balance or transactions and loans. "Endorses the United States Securities and Exchange Commission on regulatory priorities, including measures to protect investor interests and promote investor confidence and market safety fairness.

It is imperative that the SEC's oversight mechanism be broadened. Senator Pat Toomey asked Gensler to "determine the specific characteristics that distinguish secure cryptocurrencies from cryptocurrencies considered to be commodities." As Gensler says: as security. At the same time, Gary Gensler said that the SEC does not need to specify which crypto devices are safe and which are not. Because these laws and regulations are defined, many restrictions are imposed.

According to the data, SEC surveillance is still available last year. According to the data block, the US SEC filed 434 new regulatory bills for fiscal 2021, up 7% from a year ago. In these new trials or "freedoms", 70% participate in at least one defendant. These new measures cover all security, including threat prevention in the crypto and PSPC sectors.