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
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock collaborates with to offer Crypto services for its users

1 Mins read has collaborated with to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with financial regulators. For failing to comply with local guidelines….
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Your email address will not be published.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 *