TechFlow News — At the Aspen Security Forum held on Tuesday, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler stated that many areas of cryptocurrency may fall under securities laws and require oversight by the SEC. Gensler said that in certain token sales such as ICOs, the tokens sold may legally be defined as securities and thus subject to regulation. He added that within cryptocurrency exchanges, lending platforms, and DeFi platforms, some tokens may also involve securities laws, and even certain platforms might implicate commodity and banking laws, necessitating registration with the SEC under applicable regulations. Regarding stablecoins, Gensler noted they may likewise fall under securities laws such as the Investment Company Act.
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