SEC’s Gensler accuses crypto industry of ‘wide-ranging non-compliance’
In written remarks submitted ahead of a hearing before the US Senate Banking Committee, SEC Chair Gary Gensler has once again reiterated his stance on crypto. The US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, doesn’t seem to change his mind on crypto despite the recent challenges the regulator faced in court. In a written testimony submitted ahead of a hearing before the US Senate Banking Committee, the SEC boss has once again doubled down on his position against the industry . He said that “most crypto tokens are subject to the securities laws” and, therefore, “most crypto intermediaries have to comply with securities laws as well.” “There is nothing about the crypto asset securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws.” SEC Chair Gary Gensler Gensler also said the industry faces many problems mainly due to “wide-ranging non-complianc...