In a negative scenario for bitcoin (BTC) and cryptocurrencies, the United States is in a hurry to establish stricter regulatory frameworks, among which they contemplate the creation of a mandatory registry for exchanges and crypto asset lending platforms.
This was stated by the president of the United States Securities and Exchange Commission (SEC), Gary Gensler, who commented that six projects are being evaluated to enable a registry in that country.
Gensler also indicated that cryptocurrency lending platforms will be included in the registry. “Crypto trading platforms are looking at this proposal and wondering what do we do until those tokens are registered?” declared the US official to The Wall Street Journal.
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He also assured that there an urgency to better regulate the cryptocurrency industrybut especially to protect investors.
The protection proposed by the SEC is similar to that established for the stock market and it is something that does not currently exist for companies that provide services related to bitcoin and cryptocurrencies.
Gensler worried about Celsius and Binance
In that sense, the official referred to the recent cases that have affected the ecosystem, such as that of the cryptocurrency lending platform Celsius, which decided to completely restrict all withdrawals, exchanges and transfers between accounts until further notice, as reported by CriptoNoticias.
Likewise, Gensler mentioned to the Binance exchange that on June 13 it took time to do maintenance tasks, arguing a “jam” in the Bitcoin network, which prevented transactions from taking place for many hours.
The SEC chairman’s concern appears to be directed at the fact that users of those platforms they do not have a regulation that assists themwhen problems like the ones mentioned above occur, in which people are helpless and unable to access their funds.
This without taking into account the not at all encouraging outlook that some analysts envision for bitcoin. In the case of Alberto Cárdenas, he indicated that BTC could experience a short period of rise, motivated by the purchases of those who see this price as an opportunity. Something that usually ends up becoming a bearish movement again.
The specialist considers that the price of bitcoin could rise 30% from the USD 20,000 line and then fall again. From this perspective, BTC would reach USD 26,000 and then go down again, perhaps even at lower values than the current one.