US Officials Issue Joint Statement on Cryptocurrency
New Guidance Targets Crypto Scams and Stablecoins
Washington, D.C. (March 8, 2023)
The leaders of the U.S. Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and the U.S. Securities and Exchange Commission (SEC) today issued a joint statement on cryptocurrencies and digital assets. The statement provides guidance to the public on a range of issues, including investment scams and stablecoins.
“Cryptocurrencies and digital assets are a rapidly evolving sector of the financial markets,” said CFTC Chairman Rostin Behnam. “This joint statement provides important guidance to the public on a range of issues related to these assets, including investment scams and stablecoins. We will continue to work with our fellow regulators to ensure that the cryptocurrency market is fair, orderly, and transparent.”
“FinCEN is committed to working with our partners to combat the illicit use of cryptocurrencies,” said FinCEN Director Himamauli Das. “This joint statement provides important guidance to the public on how to avoid falling victim to investment scams and how to comply with our regulations. We will continue to take action against those who use cryptocurrencies to facilitate illegal activities.”
“The SEC is committed to protecting investors in the cryptocurrency market,” said SEC Chairman Gary Gensler. “This joint statement provides important guidance to the public on how to identify and avoid investment scams. We will continue to work with our fellow regulators to ensure that the cryptocurrency market is fair, orderly, and transparent.”
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