Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has stated his strong belief in the SEC's ability to win enforcement cases against cryptocurrency platforms Coinbase and Binance. Gensler emphasized the importance of adequate disclosure by service providers to protect investors from potential scams and counterfeiting. He highlighted the need for registration, rulebooks against fraud and manipulation, and proper disclosure for platforms offering a multitude of tokens. The SEC recently filed legal action against Coinbase for alleged violations of securities laws, and a day prior, it sued Binance for operating as an unregistered exchange and misrepresentation of trading controls.
Regular Hashtags: #SEC #Coinbase #Binance #Cryptocurrency #Regulation #InvestorsProtection
