‘A lot of people are going to get hurt,’ on unregistered crypto exchanges, SEC’s Gensler says

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Published: Sept. 21, 2021 astatine 1:05 p.m. ET

SEC seat casts uncertainty connected longevity of backstage stablecoins

Gary Gensler, president of the Securities and Exchange Commission, testifies during a caller Senate Banking Committee hearing.

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Securities and Exchange Commission Chairman Gary Gensler reiterated his telephone for cryptocurrency exchanges to registry with the agency, informing that they volition beryllium deed with enforcement actions if they neglect to bash so, during an interrogation with Washington Post Live Tuesday.

“There are trading platforms wherever you tin bargain and merchantability these [digital tokens], lending platforms wherever you tin gain a instrumentality connected these tokens….and it’s highly apt that they person connected these platforms securities” that the SEC is legally obligated to regulate,...

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