- Harry Gensler issued a new statement
- He refuted claims by crypto firms about registration difficulties
SEC Chairman Gary Gensler responded to claims by crypto firms about registration difficulties. This was one of the themes of the 2023 Global Exchange and Fintech Conference event.
“When crypto-asset marketers take to Twitter or speak on TV and say they haven’t been sent “fair notice” that their behavior may be illegal, don’t believe it.. They may have made a deliberate economic decision to take on the risk of enforcement. And put it in the cost of doing business.”
This comment is in response to recent allegations by Coinbase’s chief lawyer, Paul Grewal. He said that the crypto-exchange tried to register with the SEC, but could not. They were ready to apply for a license of a broker-dealer, an alternative trading system, or even a national securities exchange. But all requests were denied by the agency.
This information was confirmed by representatives of Robinhood. Like Coinbase, they too tried to get registered with the SEC, but were unsuccessful.
When asked about the cryptocurrency companies’ claims, Gensler completely denied that the agency had denied them.
“They know how to register. But they don’t want to do it.”
Remind that the SEC chairman recently issued another scandalous message. He said they don’t need more digital currency besides dollars and euros. Fiat is available electronically, and that’s enough.