SEC’s Gensler: Crypto and Securities Laws Can Be Compatible
SEC Chair Gary Gensler joins Ed Ludlow and Caroline Hyde to talk about restructuring equity markets, SEC regulation and crypto.
In an interview with CNBC, SEC Chair Gensler stated that crypto and securities laws can be compatible.
He emphasized the importance of companies operating in the crypto field complying with the appropriate laws of the country to protect the investing public.
Gensler said that the SEC’s goal is for crypto firms to come into compliance and not mislead the public. The law is the law, and companies need to follow it.
He added that the SEC has been clear about the requirements for crypto lending and staking as a service, custody, and customer funds, and they will continue to do so.
Gensler also expressed concerns about potential conflicts of interest in the asset management industry due to the use of artificial intelligence.
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