SEC chairman Garry Gensler has revealed he wants the agency to cover numerous crypto industry entities with regulations that apply to securities - potentially encouraging institutional crypto adoption.
Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has established himself as a vocal critic of many segments of the crypto industry, and a recent speech indicates he wants to tighten regulations and bolster enforcement efforts.
Previous statements indicate he believes that the vast majority of digital assets fall under the SEC’s regulatory purview, and that crypto trading platforms should register with the agency.
'Investors Deserve to be Protected'
During his speech, Gensler said that “investors deserve disclosure to help them sort between the investments that they think will flourish and those that they think will flounder. Investors deserve to be protected against fraud and manipulation. The law requires these protections.
“Our fundamental goal is to provide...
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