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Analysis: Biden's SEC chair nominee signals more regulation for cryptocurrencies
( go to the article → https://datafloq.com/read/analysis-bidens-sec-chair-nominee-signals-regulation-cryptocurrencies/12861 )
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden's nominee to lead the agency promised to provide "guidance and clarity" to the rapidly evolving market. Speaking during his confirmation hearing before the Senate Banking Committee on Tuesday, Gary Gensler offered the first thoughts on handling cryptocurrencies if he is confirmed to lead the top U.S. markets regulator. "Bitcoin and other cryptocurrencies brought new thinking to payments but raised new issues of investor protection we still need to attend to," Gensler told lawmakers, describing them as "catalysts for change." As SEC chairman, he would promote the new technology while ensuring investor protections, he said. The SEC has not adopted ...Read More on Datafloq
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