The Chair of the SEC Gary Gensler this week reaffirmed his view that Crypto assets are securities, and should fall under the purview of the SEC.

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The Chair of the SEC Gary Gensler this week reaffirmed his view that Crypto assets are securities, and should fall under the purview of the SEC. That has recently bolstered its crypto and cyber team. Ahead of U.S. regulators looking to put in place appropriate regulatory oversight of the asset class.

The comments come as crypto markets have fallen with bitcoin (BTC) down more than 50% from its all-time high and a run on stablecoin TerraUSD (UST), which traded as low as 23 cents Wednesday.

#cryptoassets #securitiesandexchangecommission #regulation

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