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US won't Follow China’s Ban on Crypto and ‘Up to Congress’: SEC Chairman Gary Gensler
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blockchain.newsAt a hearing held on Tuesday, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said that the United States will not follow China’s ban on cryptocurrencies.
Speaking in the hearing of the House Financial Services Committee, Gary Gensler answered Congressman Ted Budd (RN.C.) whether the SEC would follow China’s comprehensive ban on cryptocurrencies to support the Central Bank Digital Currency (CBDC).
He directly said that:
“That would be up to Congress."
He also added that SEC does not have any right or intention to prohibit cryptocurrency transactions.
Gensler also stated that cryptocurrencies should be included in the protection of investors and reiterated that the government should be responsible to ensure that
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