Regulatory Outlook | 07.14.22
SEC Weighs Waiving Some Rules to Regulate Crypto, Gensler Says
The U.S. Securities and Exchange Commission may use its authority to exempt crypto companies from certain securities laws to help the industry come into compliance, Chair Gary Gensler said in an interview. “We do have robust authorities from Congress to use our exemptive authorities that we can tailor” for disclosure and investor protection. The comments are among Gensler’s most pointed yet on how the agency might work with the digital asset community. He mentioned that such an approach is used for asset-backed securities and equity offerings.
Read the full article on Bloomberg