A top financial regulator suggested the Securities and Exchange Commission could tailor disclosures to accommodate crypto companies while protecting investors.
The new comments from SEC Chair Gary Gensler provide clues about the agency’s regulatory plans for digital assets.
The US Securities and Exchange Commission could tailor disclosures to suit crypto companies, Chair Gary Gensler said Thursday, offering new insight into the commission’s future rulemaking. “I've said to the industry, to the lending platforms, to the trading platforms, come in, talk to us. We do have robust authorities from Congress, also, to use our exemptive authority so that we can tailor investor protection,” Gensler said during a“Even tailoring what the disclosures might be, because maybe not all of the disclosures for somebody issuing equity are the same as a crypto token.
“The public benefits by knowing full and fair disclosure and that somebody's not lying to them. You know, basic protections,” Gensler said. “We in America let investors take risks, you get to decide what risks you want to take. But the person raising the money and selling you those financial assets, ought to not defraud you, ought to give you the information so you can make your decisions.”
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