Lee Bok-hyun, Chairman of the Financial Supervisory Service, meets with US SEC Chairman Gensler… Cryptocurrency to be discussed

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Composite image of SEC Chairman Gary Gensler (left) and Financial Supervisory Service Chairman Lee Bok-hyun.

[Blockchain Today Reporter Kim Jae-min] It was revealed that Lee Bok-hyun, head of the Financial Supervisory Service, plans to meet with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to discuss cryptocurrency regulation.

According to the industry on the 21st, Financial Supervisory Service Commissioner Lee plans to visit the SEC in January 2024 and meet with Chairman Gensler.

It is known that Financial Supervisory Service Chairman Lee and Chairman Gensler plan to discuss the current status of the cryptocurrency market and the direction of supervisory policies affecting the cryptocurrency market through the meeting.

An official from the Financial Supervisory Service said, “Regulatory cooperation between countries is important for borderless virtual assets.”

This meeting takes place at a very important time. This is because the industry expects the SEC to approve several Bitcoin spot ETF applications in January 2024.

The Financial Supervisory Service also plans to implement a new virtual asset regulation bill starting in July 2024.

Additionally, Korea and the United States are at odds over the extradition of Kwon Do-hyeong, a key figure in the Terra Luna crash. It is known that the Montenegrin court is planning to extradite Kwon Do-hyung to the United States rather than Korea.

kjm@blockchaintoday.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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