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31 July 2021

SEC Chairman says cryptocurrency falls under security-based swaps rules

SEC Chairman says cryptocurrency falls under security-based swaps rules


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In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year.

Toward the end of his speech Gensler said trade reporting rules will apply to cryptocurrencies if the products are security-based swaps:.

On Monday a meeting on regulations for stablecoins by the President's Working Group on Financial Markets shared that they expect to release recommendations for such regulations in the coming months.

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cointelegraph.com
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