Add Your Name: Tell the SEC to Regulate Cryptocurrency Now!
Gary Gensler, Chair of the Securities and Exchange Commission
Cryptocurrencies have exploded in recent years, and it is making lots of money for the executives behind it; as it grows it gets more and more important that they have to play by the same rules to protect investors and financial stability as everyone else.
Otherwise we will all pay the price.
That’s where we come in, because cryptocurrencies should be treated like what they are: objects of speculation that need to be subject to the existing rules around investor and consumer protection. This way wrongdoers are held accountable if they rip people off, and corporate executives profiting from all this don’t rattle the financial system the rest of us depend on. The Securities and Exchange Commission, which handles investor protection, needs to be on the case since this industry is growing fast. This basically means making sure these products abide by the same rules that apply in the case of stocks, bonds, and other securities to safeguard investors and the economy.
Wait, let me repeat that part: there are already rules in place. The government just needs to enforce them vigorously.
Right now, it’s like the Wild West out there and it’s time to do something about it.
These unchecked currencies need prompt and aggressive regulation. Sign our petition to demand the SEC protect consumers, investors, and our economy by regulating the unchecked cryptocurrency marketplace now >>
Sponsored by
To:
Gary Gensler, Chair of the Securities and Exchange Commission
From:
[Your Name]
We urge a thorough and complete review of cryptocurrencies for compliance with federal securities laws and related rules. And we call on the SEC to take all appropriate action to ensure compliance with the requirements for offers, trading, custody and other activities immediately.
Consumers, investors, and the economy must be protected from fraud, theft, malfeasance, or reckless mismanagement by for-profit cryptocurrency firms. The multi-trillion dollar cryptocurrency marketplace has to play by the rules!