The US Securities and Exchange Commission (SEC) is stepping up efforts to regulate and register cryptocurrency platforms. This was stated by department head Gary Gensler, writes Bloomberg.

The Commission President urged employees to work with bitcoin exchanges, likening them to how exchanges are regulated.

Gensler noted that the SEC is working on ways to register some digital assets as securities:

“There is no reason to treat the cryptocurrency market differently just because a different technology is used.”

The SEC is also exploring ways to address potential conflicts of interest when crypto platforms simultaneously act as market makers, he added.

Earlier, Gensler said that most cryptocurrencies fall under the jurisdiction of the SEC and exchanges that work with them must register with the department.

According to the official, crypto investors need protection and the public will benefit from increased control in the digital assets space, especially when it comes to monitoring service providers.

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