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SEC Chair Considers Waiving Some Crypto Regulations

Gensler spoke to the Commission’s enforcement proceedings that were taken against cryptocurrency businesses that violated securities rules, focusing notably on the cryptocurrency company BlockFi.

In a move that caught everyone off guard on Thursday, the chair of the Securities and Exchange Commission (SEC), Gary Gensler, said that the agency may use its jurisdiction to exempt cryptocurrency businesses from some securities regulations. This decision is made to assist the crypto sector in becoming compliant.

Even while the SEC has conducted enforcement proceedings to ensure that cryptocurrency businesses comply with securities laws, the Agency has not yet implemented or written new regulations to safeguard investors in cryptocurrency markets.

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