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SEC chair urges ‘one rule book’ for crypto to avoid gaps in oversight

Financial Times LogoFinancial Times6d ago

SEC chair urges ‘one rule book’ for crypto to avoid gaps in oversight

Quick Summary

US regulators have collected $3.35bn in crypto enforcement actions since the advent of Bitcoin in 2008, according to government data collated by British crypto analytics company Elliptic, including $179.7mn in the first six months of this year.

At an event a few days later, Gensler stopped short of commenting on the bill, but warned against undermining existing protections in a “$100tn capital market”.

The Gillibrand and Lummis bill did “a very good job” in distinguishing between securities and commodities tokens, Behnam said at a conference earlier this month.


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Article Details

Author / Journalist: Patrick Jenkins

Category: MarketsFinanceInvesting

Topics: Gensler Commodity Financial Token Commodities Crypto Securities Cftc Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 04:00:15

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 859 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 7206

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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