Beautiful Virgin Islands

Tuesday, Jun 24, 2025

SEC's Gensler And EU Parliament Exchange Views On Crypto Regulation

SEC's Gensler And EU Parliament Exchange Views On Crypto Regulation

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, delivered a speech about Bitcoin before the European Parliament.

Today, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, delivered remarks before the European Parliament which equated Bitcoin to the early internet in terms of world-paradigm-shifting technology.

Gensler appeared virtually before the Committee on Economic and Monetary Affairs. He highlighted financial technologies that are breaking down borders and bringing European and American markets together.

“I think the transformation we’re living through right now could be every bit as big as the internet in the 1990s.”

The SEC chairman also highlighted the fact that Bitcoin is borderless and its markets do not shut down: “It operates 24 hours a day, 7 days a week.”

Gensler’s speech before the parliament was a notable attempt to connect the U.S. Bitcoin and fiat regulatory interests both to the larger global financial markets.

“Our global markets are inextricably linked, with money flowing between them in microseconds. New financial technologies continue to change the face of finance for investors and businesses. I know that topic interests this Committee,” he said.

Speaking of the advent of Bitcoin and cryptocurrency, Gensler commented, “This innovation has been and could continue to be a catalyst for change in the fields of finance and money.”

Billy Kelleher, parliamentary member from Ireland, asked Gensler about new technologies that could be applied to crypto exchanges to help regulators ensure investor protections.

Gensler replied:

“Yes, there are technologies that can help the platforms on anti-money laundering and ensuring investor protections. But I also think it’s a combination of the hard and software on the platforms, the software particularly, and that which you do in your legislative body and what we do as regulators.”

Many of Gensler’s remarks mirrored statements he has previously made, including, “I’d like to note that financial innovations throughout history don’t long thrive outside of public policy frameworks.”

What is interesting about this statement is that Bitcoin itself is agnostic to public policy. Short of clamping down on popular on-ramps and off-ramps, there is nothing the government can do to stop it, and Gensler knows that, as he has taught courses at MIT about it, Bitcoin Magazine wrote.

In his speech Gensler mainly emphasized the risk that unregulated crypto exchanges pose to the public, as well as the common use of stablecoins as a way of side-stepping public policy goals. Neither of these remarks seemed aimed at Bitcoin.

Referencing the proliferation of unregulated, unbrokered crypto scam exchange sites, he commented, “this asset class has been rife with fraud, scams, and abuse in certain applications.”

The chairman’s speech to the European Parliament comes just one month after he delivered a speech at the Aspen Security Forum in which he issued new comments that drew a dividing line between Bitcoin and its wide field of imitators.

Elsewhere, Gensler issued new remarks that shed light on how the SEC may act on the many exchange-traded fund (ETF) proposals now up for review by the agency, signaling that those based on Bitcoin futures may have the highest chance of approval, which incited the filing of many Bitcoin Futures ETFs throughout August.

Green finance and new Environmental, Social, and Governance (ESG) disclosures were also a high priority for the committee, as they have been for the SEC and U.S. legislators. Climate change and government pressures have caused financiers around the world to add sustainability concerns to risk calculations when picking investments.

Source: SEC's Gensler And EU Parliament Exchange Views On Crypto Regulation – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×