SEC Head Ready to Cooperate with Other Departments to Control Cryptocurrencies

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US president Joe Biden has recently signed an order aimed at controlling digital currencies. As it has been reported, this document should become the basis for the regulatory framework for the blockchain industry in the country.

In particular, it states all major US agencies should work with each other to ensure the safety of investors and prevent the criminal use of cryptocurrencies.

The Securities and Exchange Commission (SEC) supports the White House’s commitment to transparency in the digital asset market.

The SEC head Gary Gensler has repeatedly advocated the speedy implementation of crypto legislation. Yesterday, he said his department is ready to cooperate with other supervisory authorities in the field of control over the blockchain industry.

Gensler has expressed his position on Twitter and emphasized the maximum effect will be achieved only if the US government can find a common language with other institutions at the federal and regional levels.