What More Crypto Oversight Should Look Like
SEC Chair Gary Gensler says he is preparing regulations that would protect investors from the burgeoning cryptocurrency market. Bloomberg Opinion writers and contributors have some ideas.
In his first major speech on cryptocurrencies, U.S. Securities and Exchange Commission Chair Gary Gensler signaled a pathway for approving a Bitcoin exchange-traded fund. Although Bloomberg News reports that such a move would help bring the tokens into the mainstream, the SEC has been slow to act. The agency wants to make sure investors would be adequately protected before approving any of the at least half a dozen Bitcoin ETF applications. “We just don’t have enough investor protection in crypto,” Gensler said in remarks prepared for the Aspec Security Forum. “It’s more like the Wild West.”
Here’s what Bloomberg Opinion columnists an contributors have been saying about cryptocurrencies, regulations and the need to protect investors: