Crypto should comply with securities laws
Gary Gensler once again urged the crypto industry to follow existing federal policies in what may be the twilight of his SEC career.
In remarks prepared for the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler implored crypto actors to adopt compliance and disclosure practices, according to Bloomberg.
Reiterating his usual stance, the U.S. Securities and Exchange Commission chair stated that most of the over 10,000 cryptocurrencies are securities, explicitly excluding only Bitcoin (BTC), Ethereum (ETH), and stablecoin from his blanket declaration.
Gensler also expressed gratitude towards agency staff for their support of his efforts to enforce federal legislation for America’s…
