Home Cryptocurrency The SEC’s Gensler says existing laws make sense for cryptocurrencies

The SEC’s Gensler says existing laws make sense for cryptocurrencies

by SuperiorInvest

Satoshi Nakamoto writes a white paper Halloween night in 2008 – a few years later people start investing in it, buying and selling it. A few years later we start to see other coins, other tokens. And you know just by looking coinmarketcap.com, about 10,000 tokens are listed there. Of course, some have more liquidity than others and some have more value than others. But what does the investing public do? They invest in a better future based on the efforts of others. PUSH [are] the websites you go to, the medium posts you read, there’s Crypto Twitter, there’s Reddit forums and places you can search for information. And it is about that joint enterprise and that entrepreneurial effort that is the hallmark of investment contracts, which are securities. So I think that’s where we’re at, that most tokens meet the traditional standards that our Supreme Court has set, and that we, the SEC, have a role to play in helping protect investors and instilling and strengthening confidence in these markets. But back to you, Nik.

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