Caroline Crenshaw, a member of the US Securities and Stock Exchange Commission, said in his last statement that the regulator did not fully measure the dangers in crypto assets fixed to US dollars that may pose a risk for individual investors. The explanations reported that the current regulation approach reflects the risks caused by these assets.
Risk assessment
Crenshaw said that individual investors usually reach such assets through intermediary institutions and their right to repayment due to these intermediaries is limited. According to the opinion, investors’ assets can only be translated into cash through intermediary institutions.
Since investors do not have direct access to the reserves of the exporting institutions of crypto assets, the brokerage institutions also determine the price and refund the price. This situation brought potential problems and uncertainties in investor rights.
Regulatory opinions
The SEC explained that non -brought constant assets are excluded from the scope of regulation; However, it has not yet given a clear opinion for species that have been fixed to algorithmic or fixed to different assets. In the regulatory explanations, it was emphasized that asset reserves cannot be reflected directly to investors.
It was reported that the rights of individual investors regarding the existence of the existence of individual investors were reported to be realized through intermediary institutions, not directly from the exporter, contrary to the regulatory claim.
Caroline Crenshaw: “Stablecoin owners’ ability to reclaim their assets only through intermediaries weakens the legal protection of investors.”
In addition, the lack of reimbursement obligations of intermediary institutions causes investors to reclaim their assets under market conditions rather than nominal value. This may lead to investors encounter different risk scenarios in crypto asset purchase-sale transactions.
Evaluations were taken into account that the SEC was taken into account that non -brought assets within the scope of the current regulation and that it constitutes incomplete views for other species. Explanations underline the need for investors to be careful in their transactions.
The evaluations show that the potential updates that can be made in the approach of the regulatory institution are important in terms of investor protection. Investors reported that they should closely follow market dynamics and intermediary institutions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
