“I’ve asked our staff to work directly with [crypto] platforms to get them registered and regulated much like securities exchanges,” said SEC Chairman Gary Gensler.
Crypto trading and lending platforms should offer similar customer protections as stock exchanges provide, warned Gary Gensler, Chairman of the U.S. Securities and Exchange Commission.
“I’ve asked our staff to work directly with [crypto] platforms to get them registered and regulated much like securities exchanges, and to ensure that those crypto tokens come in as well and register where appropriate, as securities,” Gensler said in a video of the “Office Hour” series on Thursday. On July 21, the SEC announced insider-trading charges against a former Coinbase product manager, for allegedly tipping his brother and a friend to planned asset listings on the exchange before they were publicly disclosed. Though the agency didn’t accuse Coinbase of any wrongdoings, it said nine of the 25 crypto assets involved in the case were securities, while seven of the nine tokens were listed on Coinbase.
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