Coinbase CLO: Gary Gensler to US Congress: Securities laws apply to crypto assets involved in investment contracts

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Cointime2024/05/22 11:56

By:Cointime

Coinbase CEO paulgrewal.eth posted on X platform stating that when cryptocurrency assets or cryptocurrency-related investment plans are offered or sold in the form of investment contracts, securities laws apply, in a letter to the US Congress by Chairman of the US Securities and Exchange Commission Gary Gensler. In addition, Gary Gensler told the US Congress on May 6, 2021 that there is no regulatory framework for exchanges trading cryptocurrency assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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