Colorado Senator John Hickenlooper urges the SEC to create regulation on crypto.
John Hickenlooper, a United States Senator representing Colorado, has penned a letter to Gary Gensler urging the Securities and Exchange Commission chair to establish “clear rules” for the crypto market.on the SEC to take action on regulatory issues including identifying the cryptocurrencies that will be considered sasecurities, establishing registration guidelines for trading platforms, and “determining what disclosures are necessary for investors to be properly informed.
“Given the complexity of these issues, and recognizing that some digital assets are securities, others may be commodities, and others may [sic] subject to a completely different regulatory regime, a formal regulatory process is needed now,” said the Colorado senator. “This will significantly improve policy development and allow the SEC to collect views and understand concerns.”
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