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Crypto Crackdown Awaits After SEC 'Fastball' Attempt, Feds Warn

From thestreet.com

Cryptocurrency exchanges continue to feel the heat from the Securities and Exchange Commission over what regulators say is a lack of protection for people who invest in digital currencies. On Wednesday, SEC Chairman Gary Gensler and former SEC chair Jay Clayton discussed the skyrocketing growth of cryptocurrencies such as bitcoin and ethereum at the Digital Asset Compliance & Market Integrity Summit. The pair acknowledged the promise of new payment technologies but flagged the potential for fraud, scams and other abuse without the right investor backstops. “I think new technologies do not persist for long if they stay ... (full story)

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