Sec Boss Calls For Urgent Crypto Regulation As Market Carnage Persists
Specifically, SEC Chairman Gary Gensler has commented on the recent market downturn, using it to stress the “urgency” of the need to better regulate the industry and that “it’s an urgency about investor protection,” as he told the Wall Street Journal at its virtual CFO Network summit, in a video interview published on June 14. According to him, the agency wants to introduce “the same kind of protections” that investors have on the stock market but which do not currently exist in the cryptocurrency exchanges and lending – referring to the recent scenarios in which the crypto lending platform Celsius halted all withdrawals and crypto exchange Binance did the same temporarily....