Bitcoin regulation, Crypto regulation, Cryptocurrency regulation, Gary Gensler, harvey pitt, SEC, sec bitcoin, sec chairman, sec cryptocurrency

Former SEC Chairman Harvey Pitt says that he expects a “fair amount†of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman.

Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation

Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary Gensler, in an interview with Bloomberg Friday. Pitt is the American lawyer who served as the 26th chairman of the U.S. Securities and Exchange Commission (SEC), from 2001 to 2003.

With the market debut of Coinbase via a direct listing on Nasdaq, Pitt was asked what he expects to happen with the regulation of cryptocurrencies and cryptocurrency exchanges. The former SEC chair said:

“Whether or not certain offerings involve securities or not is unclear. There is a definite likelihood that the SEC will move forward. Gary Gensler is an expert on cryptocurrencies. He has taught about them. He is a market expert,†Pitt continued. “I would expect to see clear rules of the road evolve under his leadership.â€

Gensler, a crypto professor at the Massachusetts Institute of Technology (MIT), was confirmed last week as the chairman of the SEC. He was sworn into office on Saturday as a member of the SEC.

Pitt was also asked if the SEC should be the regulator of cryptocurrencies or whether it should be the Commodity Futures Trading Commission (CFTC), where Gensler was a former chairman. Pitt further opined:

The former chairman further explained that companies like Coinbase, “which is effectively making markets in cryptocurrencies,†are subject to SEC regulations, therefore the commission will indirectly have an influence on how these cryptocurrencies are marketed.

Recently, SEC Commissioner Hester Peirce also said that she is “optimistic†that under the new chairman who has deep knowledge of the crypto markets, the SEC can “build a good regulatory framework†for cryptocurrencies.

Do you think the SEC will impose many new crypto regulations? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review. While Waiting for Approval for Its Bitcoin ETF, Vaneck Files With the […]

Xem chi tiết: Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

US Senator Elizabeth Warren Bashes Cryptocurrencies Citing Environmental Impact, Investor Protections

US Senator Elizabeth Warren sees several issues with bitcoin and other cryptocurrencies. She said that “we need a good strong regulatory agency that can continue to update,†claiming that cryptocurrencies invite “investors to come in without the ordinary protections of the transparency and disclosures and auditing.†Elizabeth Warren Bashes Bitcoin and Other Cryptocurrencies Elizabeth Warren, […]

Xem chi tiết: US Senator Elizabeth Warren Bashes Cryptocurrencies Citing Environmental Impact, Investor Protections

National Payments Corporation of India Says It Will Not Ban Cryptocurrencies Through UPI

India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to ban cryptocurrency transactions, local media reported Thursday. NCPI runs the Unified Payments Interface (UPI), […]

Xem chi tiết: National Payments Corporation of India Says It Will Not Ban Cryptocurrencies Through UPI

Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group

Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes. One Million Vietnamese Are Reportedly Crypto Users According to ASEAN Briefing, the ministry seeks to gather enough data to clearly see […]

Xem chi tiết: Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group

Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’

Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission hence Ghanaians should stay away from them.†Risks Associated With Crypto In remarks made […]

Xem chi tiết: Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’

Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts

The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo) has announced that starting in July “local digital exchanges must verify their customers’ identities through […]

Xem chi tiết: Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts

Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency

The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their clients. Bank Regulators Should Focus More on Cryptocurrency, Says Fed Supervisor The Federal Reserve’s […]

Xem chi tiết: Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency

Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette […]

Xem chi tiết: Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation

Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’