SEC’s Gensler says ‘the law is clear’ for crypto exchanges and that they must comply with regulators
From cnbc.com
SEC Chairman Gary Gensler has a message for Coinbase and other crypto exchanges: The rules are clear, and they must be obeyed. In a video posted on Twitter on Thursday, Gensler said that crypto exchanges must treat cryptocurrencies like securities and stop acting as if the regulations are ambiguous. “The law is clear,” Gensler said. “If you’re a securities exchange, clearinghouse, broker, or dealer, you must come into compliance, register with us, and deal with conflicts of interest and disclose important information. For 90 years, these laws have helped protect investors like you.” The regulator’s comments come days ...
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