SEC promises to tighten oversight of cryptocompanies

Securities and Exchange Commission (SEC) Chairman Gary Gensler said on CNBC that his agency does not intend to soften its policy towards cryptocurrency market participants.
According to him, digital assets need to be registered as securities and regulated using the legislation already in place in the U.S. If cryptocurrencies do not comply with the requirements of the authorities, the industry will not be able to develop in the U.S. market.
Such statement Gensler commented on the regulator’s lawsuits against Coinbase and Binance. The head of the SEC stressed that none of the companies had ever registered as crypto-brokers or exchanges.

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