US Democrat Senator John Hickenlooper Criticizes Gary Gensler’s Approach to Crypto at SEC

U.S. Senator John Hickenlooper (D-Colo.) has become one of the first Democratic senators to publicly criticize the slow approach to crypto taken by Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC).

Hickenlooper said the current lack of a coordinated regulatory framework leads “uneven enforcement” and hinders clear understanding of investor protection in a letter to Gensler first published by Punchbowl News.

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Hickenlooper called for the SEC to take action in clarifying which digital assets are securities, how they should be issued and listed as such, determine what disclosures are necessary to inform investors, establish a registration regime for trading platforms and set rules for how trading and custody should be carried out.

Source: US Democrat Senator John Hickenlooper Criticizes Gary Gensler’s Approach to Crypto at SEC