Friday, June 18

Gary Gensler: SEC and FINRA Should Be Prepared to File a Lawsuit

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While talking about the regulator’s efforts with cryptocurrency, the SEC chief continued to highlight the issue of protecting investors.

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The head of the US Securities and Exchange Commission (SEC), Gary Gensler, said in a statement that federal financial regulators should be “prepared to sue” against malicious individuals in crypto and other technologies.

Gensler used the following statements at the FINRA conference:

“As we continue to be aware of these developments, the SEC and FINRA [Finans Endüstrisi Düzenleme Kurumu] It should be ready to open lawsuits involving issues such as crypto, cyber and fintech. “

Gensler’s request comes after federal agencies request to report high-value Bitcoin (BTC) transactions to the IRS.

“We must do everything we can to ensure that bad people do not play with the savings of working families and that the rules are applied consistently.

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