Monday, July 12, 2021
Massachusetts Democratic Senator Elizabeth Warren, who is also the chair of the Senate Banking Committee’s Subcommittee on Economic Policy, sent a letter on July 8, 2021 addressed to the Securities and Exchange Commission’s (“SEC”) Chairman Gary Gensler seeking clarification on the SEC’s authority to regulate cryptocurrency exchanges. Citing to SEC Chairman Gensler and Commodity Futures Trading Commission (“CFTC”) Commissioner Dan Berkowitz’s own words acknowledging the limited protections against fraud and market manipulation on cryptocurrency exchanges, Warren challenges the sufficiency of the current regulatory framework. In the letter, Warren acknowledges the growth of cryptocurrency exchanges and trading activity in recent years and raises concerns regarding the limited regulation of such exchanges despite the similarities they share with traditional national securities exchanges that are federally regulated. Warren contends that cryptocurrency exchanges are generally only subject to state-level regulations for money transfer or payment services and that such regulations are not equipped to provide adequate protection.
Related Keywords
United States , Massachusetts , Dan Berkowitz , Gary Gensler , Elizabeth Warren , Exchange Commission , Commodity Futures Trading Commission , Senate Banking Committee Subcommittee On Economic , Democratic Senator Elizabeth Warren , Senate Banking Committee , Economic Policy , Chairman Gary Gensler , Commissioner Dan Berkowitz , ஒன்றுபட்டது மாநிலங்களில் , மாசசூசெட்ஸ் , டான் பெர்கோவிட்ஸ் , எலிசபெத் வாரன் , பரிமாற்றம் தரகு , பண்டம் எதிர்காலங்கள் வர்த்தக தரகு , ஜனநாயக செனட்டர் எலிசபெத் வாரன் , செனட் வங்கி குழு , பொருளாதார பாலிஸீ ,
comparemela.com © 2020. All Rights Reserved.