– Securities and Exchange Commission Chair Gary Gensler reiterates his message about rules for cryptocurrency firms in a Halloween post on X.
– Gensler urges crypto companies to comply with securities laws and stop tricking investors.
– He refers to the pseudonymous creator of Bitcoin, Satoshi Nakamoto, on the 15th anniversary of the whitepaper that launched BTC.
– Gensler has previously criticized the crypto industry for fraud and money laundering.
– Coinbase, which was sued by the SEC for not registering, claims to have spent millions on legal support.
– The SEC has not responded to requests for comment.
SEC Chair Gary Gensler has used a Halloween post on social media to reinforce his message about the need for cryptocurrency firms to comply with securities laws. Gensler stated that any crypto companies that deceive investors should start adhering to these regulations. He also referenced the pseudonymous creator of Bitcoin, Satoshi Nakamoto, on the 15th anniversary of the whitepaper that introduced the cryptocurrency. Gensler has repeatedly labeled most cryptocurrencies as securities and has called for crypto firms to register with the SEC. However, some companies, such as Coinbase, have argued that complying with existing rules is not straightforward. Coinbase claimed to have spent millions of dollars on legal support to develop registration models and expressed frustration with the SEC’s handling of their proposals. The SEC has not yet responded to requests for comment.
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