Securities and Exchange Commission (SEC) chairman Gary Gensler is still in his position to support the crypto sector.
"This innovation is a catalyst for change. Bitcoin and cryptocurrencies have opened up new perceptions of the payment and finance sectors and also raised new issues regarding investor protection.
If appointed, I will promote this innovation, "he said in a confirmation hearing on March 2 before the Senate Banking Committee.
At the same time, Gensler also emphasized the importance of SEC market oversight over new technologies as they involve investor protection.
When it comes to non-action statements issued by the SEC regarding no action against digital currency issuing platforms, Gensler apparently agreed with Senator Cynthia Lummis of Wyoming.
“Markets and technology are always facing change and growth. So, it is very important to make a clear statement. ”
Apparently, this SEC chairman candidate is so supportive of the crypto and blockchain sectors as a catalyst for change.
At the same time, this individual is leading the SEC lawsuit against Ripple.
