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Gensler says stock tokens and security-pegged stablecoins need to report to the SEC

From theblockcrypto.com

In a keynote address before the American Bar Association on July 21, Chairman Gary Gensler of the Securities and Exchange Commission reminded the audience that a number of creative token-based securities still need to report to the commission. Gensler's remarks were broadly focused on security-based swaps, regulation for which saw a dramatic overhaul following the Dodd-Frank Act, during the time when Gensler was chairing the Commodity Futures Trading Commission. "There are initiatives by a number of platforms to offer crypto tokens or other products that are priced off of the value of securities and operate like ... (full story)

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  • Category: Fundamental Analysis