SEC Chief: Tokens Still Lack Proper Disclosure, Exchanges Overreach [Keywords]
CryptoNewsTerminal Staff05 Jun, 2024
SEC Chief: Tokens Still Lack Proper Disclosure, Exchanges Overreach [Keywords]
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), recently stated that tokens lack proper disclosure. In an interview with CNBC, he said, "Every token is a security," which is a subtle shift from his previous statement. He went on to say that "crypto exchanges are doing things that traditional exchanges like the New York Stock Exchange (NYSE) are not allowed to do." This statement highlights the SEC's ongoing efforts to regulate cryptocurrencies and token sales. The SEC has been increasing its scrutiny of these activities, and it is likely that we will see more enforcement actions in this area in the future.
