Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, said the agency's previous stance on cryptocurrencies was a "missed opportunity" and pledged to accelerate regulation. During the Trump administration, the SEC shifted to a more friendly attitude toward the cryptocurrency industry, establishing a cryptocurrency working group and withdrawing some enforcement cases. After the SEC recently approved WisdomTree's tokenized money market fund for 24/7 trading, Gensler emphasized the potential of distributed ledger technology in the payments sector.
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Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, said the agency's previous stance on cryptocurrencies was a "missed opportunity" and pledged to accelerate regulation. During the Trump administration, the SEC shifted to a more friendly attitude toward the cryptocurrency industry, establishing a cryptocurrency working group and withdrawing some enforcement cases. After the SEC recently approved WisdomTree's tokenized money market fund for 24/7 trading, Gensler emphasized the potential of distributed ledger technology in the payments sector.