In an interview with CNBC on June 6, Jay Clayton, president of the Securities and Exchange Commission (SEC), said it was necessary to improve the preservation of cryptocurrencies and to fight against manipulation. market before his agency becomes a crypto. Index Fund (ETF).
When asked if a cryptography-based index fund could be approved in the US, Clayton replied that the SEC was trying to make it possible. However, he replied that the cryptography sector should solve some important issues before a crypto-ETF could be launched. According to Clayton, one of these obstacles is the guard, he explains:
"We try to do it, but there are still some problems to solve so that we can get used to it.The first big problem is security.Conservation is a prerequisite for all markets.If you claim to own something, then you must own it. "
The next major hurdle, according to the president, is that there are still not enough mechanisms to adequately prevent market manipulation. He explains:
"The other important thing is that it needs appropriate rules and mechanisms so that the market is not manipulated.Crypto markets are not yet meeting this requirement.We are trying to help, but we can not just deal with cryptography markets like the stock market. "
Unlike Clayton's call for more regulation in the sector, the attitude of SEC Commissioner Hester Peirce is a little quieter. Indeed, this has recently pleaded for a relaxed approach to regulation, so as not to hinder the innovation of crypto-ETFs.
Source: photo of wuestenigel