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SEC Chairman: Crypto Stock Tokens Need to Follow Securities Laws

·1 min read

BeInCrypto –

SEC Chairman Gary Gensler said that synthetic and crypto stock tokens must subscribe to securities laws, a stance that other governments are also taking.

On July 21, SEC Chairman Gary Gensler spoke to the American Bar Association Derivatives and Futures Law Committee, saying that synthetic crypto stock tokens should fall under securities laws. The speech mostly dealt with matters outside of crypto, but Gensler allotted some time to speak of the role that cryptocurrencies might have with the securities market towards the end.

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