A bill intended to specify the rules and roles for crypto regulation could inadvertently "undermine" other market protections, Securities and Exchange Commission (SEC) Chair Gary Gensler said Tuesday. Speaking at the Wall Street Journal's CFO Network Summit, Gensler suggested many crypto companies are engaging in behaviors overseen by his agency, pointing to companies that offer yield for staking as one example. Asked about a bill introduced by U.S. Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) last week, Gensler said he would rather speak to the lawmakers first, but that from his agency's point of ... (full story)