Jun 16, 2023
The SEC just declared a basket of assets as securities, such as $ATOM, $ADA, and more! Besides, under the lead of Gary Gensler, sued Binance and Coinbase.
This is why Gary Gensler and the SEC get heavily criticized right now. However, the is more to unpack here: not necessarily the SEC defines what a security is: congress is! The SEC only enforces the law set by congress and interprets their formulations. Also, there has been a communication gab between the CFTC and SEC - that said, pointing out Gary Gensler as the only one who carries the fault is wrong.
Today we sat down with Andrew Hemmingway. He is handling policy communications at Ava Labs. We discussed the definition of what is a security, if the bashing on Gary Gensler has become a bit too populistic, what it means for crypto innovation in the US, when there will be finally regulatory clarity and so much more!
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Catch up with FRENS VALIDATOR:
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All information presented in this podcast is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This podcast’s content solely reflects the producer's opinion, who is not a financial advisor. Investing in cryptocurrencies is risky!