SEC Chairman: “Promoting Mandatory Registration of Cryptocurrency Loan Companies”

According to Finnbold, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with CNBC Squawkbox, “A cryptocurrency lender such as Block Pie may be an investment company that collects tens or millions of customer funds and loans again.”

It said it is actively pushing for a plan to make cryptocurrency loan companies mandatory to register. Gensler is acting as an investment company or a bank

Some of these offer high returns of 4%, 8%, and 10%. But how do we provide this promised rate of return?
We will work with the industry to encourage these companies to register with the authorities under the Securities Act and protect investors.

Asked if cryptocurrency should be included in the retirement pension plan (401k) or personal portfolio, he said, “I am neutral about technology, but I am not neutral about investor protection. Cryptocurrency is a very speculative asset group. There are thousands of tokens, and most of them have similar properties to securities.”

LinkedIn Founder Launches SOL-Based NFT

According to Decrypt, LinkedIn founder Reed Hoffman announced on Twitter that he has released NFT using DALL-E artificial intelligence (AI) technology.

In other words, AI technology is a system developed by OpenAI, an artificial intelligence research institute in the U.S., and it is a technology that creates digital images when you explain what you want to see in text.

“The NFT collection will be auctioned for 24 hours at the Solana-based NFT Market Place Magic Eden,” Reid Hoffman said.