After pounding coinbase and binance this week, SECGov Chair GaryGensler says he gave the industry plenty of warning that this was coming, and he's not moved by its arguments the agency made it impossible for firms to register. jesseahamilton reports
U.S. Securities and Exchange Commissioner Chair Gary Gensler argued Thursday there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.simply being an investment vehicle,” Gensler said in remarks prepared for the Piper Sandler Global Exchange & FinTech Conference, delivered in the same week his agency brought, accusing respectively the U.S.
The SEC chair offered a full-throated defense of his agency’s most recent actions, arguing to his mainstream finance audience that they’d never be allowed to get away with the behaviors that are commonplace in crypto. “When crypto asset market participants go on Twitter or TV and say they lacked ‘fair
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