Market Cap: $2,730,604,354,236
24h Vol: $77,453,079,210
Cryptocurrencies: 25770
Markets: 103613
Cryptocurrencies: 25770
Markets: 103613
Market Cap: $2,730,604,354,236     
24h Vol: $77,453,079,210
Seeking Alpha 2022-11-10 14:18:33

SEC Chair Gensler says crypto investors need better protection

SEC Chair Gensler says crypto investors need better protection
SEC Chairman Gary Gensler said investors need better protection in the wake of the fallout from the implosion of crypto exchange FTX. "I think investors need better protection in this space," Gensler said in a CNBC interview. "This is a field that is significantly non compliant, but it's got regulations and those regulations are often very clear." "The runway is getting shorter," Gensler said. "Beware this is highly speculative, it is regulated, but without prejudging anyone's circumstance, largely non compliant." "When you give somebody your token and they go down, you are going to just stand in line in a bankruptcy court and they may be taking your token and doing all sorts of things without proper disclosure," Gensler said. Earlier Thursday Galaxy Digital's Novogratz said FTX news is a " body blow" to crypto industry trust.
esptco-banner img
Latest News

Videos

  • Digibyte: What is DGB? EXPLAINED!

  • The Metaverse to Replace the Real World!

  • DCA: Dollar Cost Averaging in Crypto

  • How to Buy BTC with Coinbase?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire