SEC chair: retail crypto investors should be protected
2022.04.05 02:26
SEC chair: retail crypto investors should be protected
Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market.
In prepared remarks released Monday for the Penn Law Capital Markets Association Annual Conference, Gensler said he had requested SEC staff to explore getting crypto platforms registered, having them subject to the same regulatory framework as exchanges. In addition, the SEC chair said the agency’s staff could be working towards addressing regulatory clarity in the crypto space by considering how to register platforms “where the trading of securities and non-securities is intertwined” and whether retail crypto investors should be afforded the same protections as those in traditional markets.
