Gary Gensler sounds alarm over growing DeFi activity, says SEC seeking to regulate crypto sector

US Securities and Exchange Commission chairman Gary Gensler reiterated his position on the burgeoning decentralized finance sector yesterday, calling for an increased overview of the space while signaling regulations were necessarily required.

“While I’m neutral on the technology, even intrigued—I spent three years teaching it, leaning into it—I’m not neutral about investor protection,” said Gensler, who is scheduled to give a speech on crypto today at the Aspen Security Forum.

He added, “If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.”

Gensler—who was elected as SEC chairman earlier this year and is regarded as a ‘crypto-friendly’ official in media circles—said he had pushed officials to look at a whole variety of crypto-related legislation in recent times.

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