Gary Gensler Says ‘Too Many People Have Lost Money And Lined Up In Bankruptcy Court,’ Highlights Need For Crypto Regulation
Posted On October 25, 2024
SEC Chair Gary Gensler on Wednesday emphasized the importance of investor protection and transparent capital markets when discussing the SEC’s approach to cryptocurrency regulation.
What Happened: Responding to concerns about the SEC’s method of enforcing regulations in the crypto space in an interview with Bloomberg, Gensler highlighted that the agency’s role aligns with a broader legislative framework designed to safeguard public interests and promote capital formation.
“We’ve benefited for nine decades from robust laws from Congress,” Gensler stated, referencing the SEC’s authority to regulate financial markets to ensure transparency and stability.
Gensler noted that the relatively young …
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