SEC Not Interested In Regulating Crypto In 2021? - Kakiforex.com - Financial Market Media No. 1 in the World SEC Not Interested In Regulating Crypto In 2021? SEC Not Interested In Regulating Crypto In 2021?
InstaForex

June 16, 2021

SEC Not Interested In Regulating Crypto In 2021?

 Today, the U.S. Securities and Exchange Commission. (SEC) has announced its regulatory agenda for 2021. Based on the regulatory list released for this year, certain cryptocurrencies, blockchains, or tokens such as Bitcoin or Ethereum are not included in the regulatory list.


This raises the question of why the crypto agenda is not included in one of the regulations with various issues arising that are controversial. Among them are the issue of energy consumption in crypto mining, the increase in paid ransomware attacks in Bitcoin, potential crypto threats to official currencies as often emphasized by International Financial Institutions and politicians, and many other things.


These topics are not included in the regulatory list that needs to be done. This literally carries an indication of positive sentiment for the crypto market where it will not be regulated this year.



This is an unexpected thing among market players as the SEC chairman has repeatedly stressed that crypto needs regulation. According to SEC chairman Gary Gensler, bitcoin is a rare and highly unstable digital. Therefore, in order to avoid large risks, investors need to be protected.


At the same time, the SEC does not consider all digital tokens to be crypto, hence this gap will get the SEC’s attention.


The Bitcoin price at the time of writing is trading at $ 40,011.30 and Etherum at $ 2,547.83.