The head of SEC supported the expansion of CFTC powers in the crypto industry

Chairman of the Securities and Exchange Commission of the United States (SEC) Gary Gensler supported the potential increase in CFTC power in the field of digital currencies. This is reported by The Block.

During the performance at the conference on the quality of digital assets at Georgetown University, Hensler said that cryptocurrency projects outside the jurisdiction of the Sec “can be counted on the fingers of one or two hands”.

Prior to the appointment of the Chairman of the Commission on Securities and Exchange of the United States in April 2021, the head of the department led CFTC and was remembered by a tough approach to regulation.

Recall that in September, Hensler was already speaking in support of the provision of an urgent exchange trading commission of additional powers in the digital asset market.

In August, CEO FTX Sam Bankman-Fried supported the bill on the transfer of CFTC supervision of crypto industry.

In October, the head of the department Rostin Benam warned the participants in the sphere of digital assets about the inevitability of regulation and expressed the confidence that Bitcoin and Ethereum are goods.

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