NEW!Incredible offer for our exclusive subscribers! Read More

SEC Chairman Gary Gensler Claims That Crypto Exchanges Have to Be Regulated, Asks Congress for Help

1 Mins read

During a virtual hearing held by the House Financial Services Committee, Gary Gensler, the newly appointed chairman of the U.S. Securities and Exchange Commission, said that the cryptocurrency market could benefit from greater investor protection when asked about digital asset regulations by Congressman Patrick McHenry:


I think that this market, which is close to $2 trillion dollars, is one that could benefit from greater investor protection.

Gensler specifically spoke about regulating cryptocurrency trading platforms, claiming that Congress should consider bringing greater investor protections surrounding them:

Right now, the exchanges trading in these crypto assets do not have regulatory framework either at the SEC or other sister agency, the Commodity Futures Trading Commission. That could instill great confidence. Right now, there’s no market regulator around crypto exchanges, and thus there’s really no protection gains fraud or manipulation.

The SEC boss also claimed that the agency would provide greater clarity for crypto custody sector.

Related posts

Cointolab blocked more than 10 thousand wallets from Russia

1 Mins read
The Cointolab platform said it has blocked more than 10,000 wallet addresses associated with Russian individuals or entities that it believes are…

Bitcentr launched the largest aid campaign!

1 Mins read
Ukraine is at war, war for our freedom but also for European freedom and democracy. People of Ukraine are in a big…

Cryptexby with Bitfinex will start a trading giveaway for Telegram users

1 Mins read
In this paragraph, Bitfinex with Friends of are starting with Top crypto giveaway. After that From 0.001 tо 0.25 bitcоin and…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *