SEC Chair Gensler Insists Crypto “Regulations Already Exist” Ahead of Hearing


Published Mar 30, 2023 10:10AM ET

Updated Mar 30, 2023 10:30AM ET

SEC Chair Gensler Insists Crypto “Regulations Already Exist” Ahead of Hearing

  • The SEC chair, Gary Gensler, will answer questions on his crypto regulation at an April hearing.
  • Ahead of that hearing, Gensler has stuck to his guns on the current legal framework for crypto.
  • Gensler is blaming crypto and the ‘Wild West’ ecosystem it operates in.
The SEC’s policing of the crypto space has been relatively unfettered since the collapse of FTX in November last year. However, the chair of the regulatory body, Gary Gensler, will be called to explain his approach in a Congressional hearing on April 18.

Ahead of that hearing, Gensler testified at the House Appropriations Subcommittee on Financial Services and General Government on Wednesday, March 29. When questioned about issuing rules to clarify how securities law applies to digital assets, the chair was adamant.

“The regulations...

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