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SEC’s Gensler says ‘the law is clear’ for crypto exchanges and that they must comply with regulators
In recent years, the world has witnessed a significant surge in the adoption of cryptocurrencies. The growth in this industry has attracted a lot of attention from regulators, and one of the most prominent regulatory bodies, the Securities and Exchange Commission (SEC), has been keeping a close eye on the developments in this space.
SEC Chairman Gary Gensler recently made it clear that the law is clear for crypto exchanges, and they must comply with regulators. Gensler stated in a video on Thursday that crypto exchanges “must come into compliance, register with us, and deal with conflicts of interest.”
This statement is significant as it comes at a time when the SEC is grappling with a range of issues related to cryptocurrencies, including investor protection and market integrity.
Crypto exchanges must comply, register with us, and deal with conflicts of interest
In his video statement, Gensler stressed that the SEC’s primary focus is on protecting investors. He emphasized the need for crypto exchanges to comply with regulations and register with the SEC. According to Gensler, compliance is necessary to ensure that investors are protected from…
