On the recordJuly 19, 2023
Rife with fraud, scams, and abuse.
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congress.govRife with fraud, scams, and abuse.
Gensler describes the cryptocurrency industry as problematic.
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Well, what do you say to the person who has to defend themselves in one of these messaging cases? Do you apologize? Do you thank them?
I really, I want to thank this Committee for the approval last week of the funding the SEC at the levels that you just mentioned.
Our goal at the SEC is to bring the field into compliance within the Securities Law where these tokens--and not prejudging any one of them--where they are securities.
I am concerned that the SEC has moved well beyond its role as a market regulator, and is seeking to make policies that are both beyond its authority and destructive to our economy.