SEC chair Gary Gensler has shot back at Coinbase’s repeated calls for clear crypto regulation, insisting that SEC's current rules already provide all of the necessary guidelines for the sector.
The chair of the United States Securities and Exchange Commission Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place.at the Financial Markets Conference, Gensler was asked about the dispute with Coinbase, the rules on crypto and why “the SEC doesn’t publish rules for that market.”“To make it quite direct: this is a field that has been operating largely non-compliant. [...
Gensler argued that the SEC has already put out the rules for what is required to custody assets, be an exchange, broker dealer or advisor and how to register securities offerings with the agency.
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