The U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has been clamping down big time on the cryptocurrency industry. This week it filed charges against Coinbase and Binance, the two largest cryptocurrency exchanges, for violating U.S. securities laws—claimed some cryptocurrencies are unregistered securities, while others remained, puzzlingly, unmentioned.

In fact, of the countless cryptocurrencies on the market, only a dozen or so have been called securities. Why is that?

Robert Cohen, former SEC Cyber Chief spoke to Laura Shin on Unchained Podcast about the disparity.

“There is a seeming element of real bad luck and randomness, and getting singled out to be one of the 10 or 12 tokens that are mentioned when there’s hundreds that could have been,” Cohen told the journalist and podcast host. “When you think about a government taking action, that sort of randomness seems rather unfair.”

“If the SEC were passing rules, it affects everyone the same way, and people [should] have a chance to comment,” he added.

Go to Source to See Full Article
Author: Pedro Solimano

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details