Former SEC chief says regulator not equipped to take on bitcoin

From: Reuters

John McCrank

NEW YORK (Reuters) – Arthur Levitt, a former chairman of the U.S. Securities and Exchange Commission, said on Thursday he believed the regulator was ill equipped to deal with bitcoin, the digital currency that has seen a meteoric price rise, prompting concerns of a bubble.


“They have too many other issues that they are dealing with now that they don’t want to take on something as complex from a regulatory point of view as bitcoin is,” said the SEC’s longest-serving chairman, who held the post from 1993 to 2001.

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One response to “Former SEC chief says regulator not equipped to take on bitcoin”

  1. Getur Sonak says:

    The former SEC chief’s admission speaks volumes about the complexities involved in regulating decentralized digital currencies like Bitcoin. While governments grapple with creating effective frameworks, users and investors must tread carefully. In contexts like, which is immersed in the world of crypto casinos, this underscore the importance of understanding the regulatory landscape of where you’re using your crypto. Knowing a platform’s compliance and security measures can help ensure that your engagement with crypto is as safe and informed as possible.

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