“Crypto cannot exist outside of our public policy frameworks, regardless of what the crypto industry initially expected or what certain market participants might say today,” SEC Chairman Gary Gensler said on Monday, adding that the policies need to protect consumers and financial stability, while also shielding against illegal activity. “Whether you call something a crypto token, stablecoin or decentralized finance platform (DeFi), those public policy goals remain the same.”
Source: https://www.coindesk.com/policy/2022/10/03/us-risk-watchdog-poised-to-ask-congress-to-name-crypto-spot-market-regulator/?utm_medium=referral&utm_source=rss&utm_campaign=headlines