SEC Chairman Gensler Releases New Video Criticizing Cryptocurrency Industry | coindesk JAPAN

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler released a new video on April 27, alleging that cryptocurrency companies are violating securities laws, sending a critical message to the cryptocurrency industry. sending again.

Gensler has reiterated his longtime position as the crypto industry faces SEC enforcement and legal battles, a major theme at Consensus 2023, which kicked off in Austin, Texas on the 26th. .

“The lack of compliance by these crypto platforms means there is no basic investor protection,” he said. “Investor protection is like a rulebook and oversight to prevent fraud and market manipulation. Alternatively, proper custody and segregation of customer assets to prevent misuse, misuse or becoming the property of the platform, especially in the event of bankruptcy,” said Gensler himself. In the video series “Office Hours,” he said:

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Jesse Hamilton/CoinDesk screen grab from video
｜Original: US SEC’s Gensler Releases Another Video Dig at Crypto Industry