Lack of information on digital assets: SEC head voices concerns
Date: 2024-05-09 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
In recent years, digital assets such as cryptocurrencies and tokens have become the subject of increasing interest from investors around the world. However, according to Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), investors often lack the necessary information about such assets.
Investors looking for more data
During a recent keynote, Gensler emphasized that there is a clear lack of data that could help investors better understand the nature and risks of digital assets. This statement comes in the context of the recent "Wells Notices" sent to crypto companies, which have generated a lot of interest in the crypto industry.
One of the key issues Gensler raises is that many tokens may be considered securities under US law. In this regard, the SEC plans to force companies supporting such tokens to comply with the rules of business applicable to securities.
Lack of information about digital assets not only creates problems for investors, but also raises various legal and regulatory issues. For example, Gensler avoided directly answering the question of whether Ethereum is a security, noting that it is more important to him to provide protection to American investors who currently do not receive enough information about digital assets.
Spot ETF Request
Despite these challenges, the SEC continues to investigate various aspects of cryptocurrencies and digital assets. For example, the department is considering the possibility of launching spot ETFs based on Ethereum, but a final decision on this issue has been postponed.
Overall, the lack of information about digital assets remains a major challenge for investors and regulators, requiring further discussions and solutions to ensure transparency and security in the digital asset market.
