Chairman of the Commission on Securities and Exchanges of the United States (SEC) Gary General gave a long-awaited assessment of the prospects for the prohibition of cryptocurrency in the United States. According to him, the authorities will not follow the example of China and will not go for such measures, Bloomberg writes. Thus, the head of SEC denied the suspicion of market participants, which arose due to the rigid position of the Prsellers regarding the regulation of digital money revolution.
According to the chairman of the SEC, the main goals of the American government are at the moment – it is to comply with the rules for the protection of investors and consumers, the provisions on the fight against money laundering and tax legislation. On the question of the introduction of a ban on the use of digital coins in the United States, General Mansler replied that the SEC approach to regulating the industry “completely different”. He added that any prohibition of such a scale is likely to be subject to approval of the Congress.
Genslera’s words are consistent with the recent statement by the Chairman of the Federal Reserve System of Jerome Powell: On September 30, at hearings in the Congress, the official stressed that “there is no intention” to prohibit the use of cryptocurrency. At the same time, the US President Joe Biden recently reported that I found ideological allies in the fight against illegal cryptoids and in October organizes an international online meeting, where the participating countries will discuss the counteraction of cybercrime.
Concern about the ban on digital currencies in the United States intensified after in September China went to radical measures and announced any transaction with cryptocurrency illegal. In addition, the PRC promised to actively work on the eradication of mining in the country.