In a recent tweet, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said that there is nothing incompatible between the encryption market and the securities law. He stressed that the SEC's goal is to make the encryption field conform to this legislation and ensure that investors in digital assets get the same protection as other markets.
However, Susan Friedman, policy director at Ripple, said there was a key flaw in Gensler's statement. He pointed out that unlike securities, cryptocurrency usually does not involve financial claims against the offeror, and can be settled in real time without an intermediary. She believes that this difference requires specific rules, rather than a uniform guarantee that a one-size-fits-all approach is the correct way to operate.
However, Susan Friedman, policy director at Ripple, said there was a key flaw in Gensler's statement. He pointed out that unlike securities, cryptocurrency usually does not involve financial claims against the offeror, and can be settled in real time without an intermediary. She believes that this difference requires specific rules, rather than a uniform guarantee that a one-size-fits-all approach is the correct way to operate.