As President-elect Donald Trump prepares to take office on January 20, Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), is finally pushing to establish a regulatory framework for the crypto market. 

With the Trump administration signaling a pro-digital asset stance, Gensler’s comments come at what could be a pivotal positive moment for the future of digital asset regulation in the United States.

Gensler Advocates For ‘Clear Crypto Regulations’

In a speech prepared for a legal conference in New York, Bloomberg reports that Gensler emphasized the importance of creating clear “rules of the road” for crypto sales and intermediaries, including brokers and exchanges. 

Per the report, Gensler’s focus is on promoting transparency and proper disclosure, drawing lessons from the Great Depression, which, according to the SEC chair, illustrated the consequences of inadequate investor information. 

While Gensler reiterated that Bitcoin is not classified as a security, he pointed to the SEC’s “legal victories” concerning crypto-related investment products. 

The SEC Chair noted that courts have “consistently upheld” the SEC’s authority to enforce regulations when securities are involved, regardless of their format. 

This perspective, however, may clash with the incoming Republican administration’s views on the digital asset industry, which may not align with Gensler’s concerns about compliance and adherence to traditional securities regulations.

Challenges Ahead For Trump’s Bid To Dismiss Gensler<
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Author: Ronaldo Marquez

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