U.S. Securities and Exchange Commission Chairman Gary Gensler said on Thursday that the SEC needs to do whatever it can to ensure that bad actors in the cryptocurrency sector aren’t playing with working families’ savings, and that rules are enforced aggressively and consistently.
Fast Facts:
- Speaking at the 2021 Financial Industry Regulatory Authority Annual Conference, Gensler said he would like to see more regulation around cryptocurrency exchanges, according to a report by Reuters. “This is a quite volatile, one might say highly volatile, asset class, and the investing public would benefit from more investor protection on the crypto exchanges,” Gensler said. His comments follow a dramatic correction in crypto markets this week.
