SEC chair warns cryptocurrency industry won't reach potential staying outside our laws

From foxbusiness.com

video Chairman of the Securities and Exchange Commission Gary Gensler argued on Thursday that the cryptocurrency "field is not going to reach any of its potential if it tries to stay outside of our laws." He specified that those laws include those pertaining to money laundering, tax compliance and the SEC’s "focus," which is investor protection. Bitcoin and other cryptocurrencies remain unregulated within the U.S. financial system. Gensler provided the insight on "Mornings with Maria" on Thursday as the industry has been waiting to see how the Democratic appointee will approach oversight of the crypto ... (full story)