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Most crypto likely to be regulated as securities, says CEO of NYSE-owner ICE

NEW YORK (Reuters) – Most cryptocurrency tokens will likely be regulated as securities under existing securities laws in the fallout of the collapse of crypto exchange FTX, Jeff Sprecher, chief executive officer of NYSE-owner Intercontinental Exchange Inc, said on Tuesday.

Jeff Sprecher, chief executive officer of IntercontinentalExchange speaks during the Sandler O'Neill global exchange and brokerage conference in New York

NEW YORK (Reuters) – Most cryptocurrency tokens will likely be regulated as securities under existing securities laws in the fallout of the collapse of crypto exchange FTX, Jeff Sprecher, chief executive officer of NYSE-owner Intercontinental Exchange Inc, said on Tuesday.

“I think you’re going to see essentially tokens become securities – I mean they probably already are, but they’re going to be regulated and dealt like securities,” Sprecher said at a financial services conference hosted by Goldman Sachs Group Inc.

(Reporting by John McCrank)

By Reuters

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