Categories
News

SEC chair says crypto intermediaries should come into compliance with law

WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law.

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testifies on Capitol Hill in Washington

WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law.

The SEC has enough authority but could use more resources, Gensler told Yahoo Finance in an interview on Tuesday. He labeled the crypto intermediaries as “crypto casinos.”

The SEC chair added that next Wednesday, the agency will take up recommendations from agency staff on equity market structure.

(Reporting by Kanishka Singh in Washington)

By Reuters

Reuters, part of Thomson Reuters, is the largest international multimedia news provider in the world with a daily audience of more than one billion. Through Thomson Reuters desktops, the world's media organizations, and Reuters.com and Reuters TV, Reuters provide trusted business, financial, and national news to professionals and consumers alike.