(Kitco News) The U.S. Securities and Exchange Commission Chair Gary Gensler said he could bend some laws for crypto companies to encourage compliance.
Wall Street's top regulator said that it has that authority.
"We do have robust authorities from Congress to use our exemptive authorities that we can tailor" in terms of disclosure and investor protection, Gensler told Yahoo! Finance on Thursday.
Gensler added that a similar method is applied when dealing with compliance issues for asset-backed securities and equity offerings. "Just as there's difference between asset-backed securities and an equity offering, there may be differences here as well," he said.
The comments come as the crypto market continues to suffer from contagion risk following the massive selloff that saw $2 trillion wiped off crypto's overall market cap since reaching record highs last year.
The interview also offered some insight into Gensler's behind-the-scenes thinking around the future of the crypto space...
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