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SEC Chair Gensler to crypto platforms: Come to us before we come for you

December 3, 2021

Securities and Exchange Commission Chair Gary Gensler’s views on crypto regulation came into sharper focus this week, making clear he sees a need to bolster investor protections.

In remarks to the SEC’s Investor Advisory Committee Thursday, Gensler reiterated the need to bring crypto — an asset class with a $2.6 trillion market cap — within public policy frameworks to ward off nefarious activity and protect investors.

Calling crypto an asset class “rife with fraud, scams and abuse in certain applications,” Gensler noted that “hype and spin about crypto assets” gets in the way of balanced and thorough information about the digital currencies and trading platforms.

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