Categories
News

U.S. SEC working to register crypto lending firms -Gensler

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission is working to get some so-called cryptolending companies properly registered if they operate more as an investment firm, the head of the federal regulator told CNBC in an interview on Thursday.

U.S. Senate Banking Committee holds hearing to examine the Securities and Exchange Commission on Capitol Hill in Washington

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission is working to get some so-called cryptolending companies properly registered if they operate more as an investment firm, the head of the federal regulator told CNBC in an interview on Thursday.

SEC Chairman Gary Gensler also said it was up to large financial institutions to decide whether they want to include crypto options in their portfolios for clients, but that the risks of crypto tokens need to be made public.

(Reporting by Susan Heavey)

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.