• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 16, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

SEC Chairman thinks that crypto needs laws to succeed

by Reshab Agarwal
August 23, 2021 - Updated On September 30, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
"Don't get caught up in FOMO," SEC Chairman comments on crypto
TwitterWhatsappLinkedin

Crypto has been going through one of the most difficult phases right now. There is a lot of authorities trying to control the space, while a lot of them still want crypto to be free. Most of the enthusiasts believe that for crypto to succeed, we need to stay away from controlling laws and let the market grow and innovate. But Gary Gensler, the SEC Chairman, recently said that crypto needs laws to succeed and reach its full potential. What did you think about the same?

You might also like

Kazakhstan makes a Bold Move: Sovereign Wealth Reserves Embrace Cryptocurrency

Telstra Announces Layoffs of Over 550 Employees Amid Enterprise Business Restructuring

ProShares Ultra XRP ETF Launch Set to Ride Crypto Week Momentum

SEC Chairman Gary on crypto

There has always been a debate whether the crypto markets are better regulated or unregulated. We all know that to some extent, regulation is necessary to keep investors safe and reduce illegal activities at bay. But if it gets too tight, then the markets won’t be able to function properly. This is why Gary’s statement on the need for laws on crypto is very polarising. For some of you, it might seem fair, and for some, it might not. But all in all, it’s not a completely bad thing.

SEC Chairman gary Gensler
Image Source: Forbes

The SEC Chairman did say that the SEC are neutral on cryptocurrencies and the new technology. Their prime focus is on protecting the investors. He also said that the DeFi projects need to register if there is even a small fraction of centralization. This means from now on, there could be fewer hacks in the DeFi space, and investors will be better protected.

It is important to note that despite all the regulation and controlling actions of the SEC, the chairman is not personally against crypto. He does think that Bitcoin is an innovation and the blockchain world is really innovating. But like every new technology, it will need government support to reach its full potential. And that will come only with proper regulations in place.

My thoughts!

Crypto is still in a growth phase right now, and there are many shortcomings to it. The market is saturated with so many coins, and DeFi projects that it’s not safe for investors. I think if the government and the authorities can regulate the market in a way that doesn’t suffocate the growth, then it is a good thing. But if it hinders innovation, then I am against it.


What are your thoughts on Gary’s statement that crypto needs laws to succeed? And do you think regulation is really necessary? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Chase closed Compass Mining’s bank account without any warning.

Tags: #Crypto#SEC_Chairman
Tweet54SendShare15
Previous Post

How To Leverage Instagram To Generate More Leads

Next Post

Tesla Model S Plaid behind the hood view shows inner workings

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Kazakhstan makes a Bold Move: Sovereign Wealth Reserves Embrace Cryptocurrency

by Anindya Paul
July 16, 2025
0
Kazakhstan

Kazakhstan is about to dive into a unique financial opportunity with a historic decision to integrate cryptocurrencies into its sovereign wealth funds. The National Bank of Kazakhstan is...

Read more

Telstra Announces Layoffs of Over 550 Employees Amid Enterprise Business Restructuring

by Rounak Majumdar
July 15, 2025
0

Australia’s leading telecommunications company, Telstra, has revealed plans to lay off more than 550 employees as part of a wide-ranging restructuring effort within its Enterprise division. The announcement...

Read more

ProShares Ultra XRP ETF Launch Set to Ride Crypto Week Momentum

by Anindya Paul
July 15, 2025
0
ProShares

The SEC has officially approved the ProShares Ultra XRP ETF (ticker: UXRP) for listing on NYSE Arca—a pivotal moment that brings leveraged XRP exposure into mainstream U.S. finance....

Read more
Next Post
Tesla Model S Plaid behind the hood view shows inner workings

Tesla Model S Plaid behind the hood view shows inner workings

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?