The SEC Has No Plans To Regulate Bitcoin in 2021

The SEC has released its 2021 regulatory agenda and has left Bitcoin and cryptocurrency out. Instead, its focus is on short-selling, a topic that has grown into a heated debate in the wake of the meme stock craze with GameStop and AMC Theaters. 

Don’t miss out on how smart money is playing the crypto game. Subscribe to our premium newsletter – Crypto Investor.

This is relatively surprising given the SEC Chair’s comments on crypto and how he would like to see more regulation. 

“This is a quite volatile, one might say highly volatile, asset class, and the investing public would benefit from more investor protection on the crypto exchanges,” said Gary Gensler at the Financial Industry Regulatory Authority’s annual conference.

Gensler said that the SEC does have some authority with securities and that some cryptocurrencies do fall into that category, but others, like Bitcoin, do not.

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.